Monarch Gold Mining Company Limited

West Australian resources developer Stirling Resources (ASX:SRE) advises it is completing funding and documentation arrangements for the A$15m recapitalisation of Monarch Gold with formal settlement to occur later this week.

Stirling Resources Limited (ASX:SRE) is pleased to provide the Quarterly Activities Report for the period ended 31 December 2009.

ABN Newswire stocks to watch today include: Stirling Resources (ASX:SRE), Monarch Gold (ASX:MON)(PINK:MARCF), Conquest Mining Limited (ASX:CQT)(PINK:CQMLF), Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) and Fufeng (HKG:0546)(PINK:FFNGY).

Stirling Resources (ASX:SRE) will issue a new share entitlement issue Prospectus to raise approximately A$9.8 million to complete the recapitalisation of Monarch Gold (ASX:MON)(PINK:MARCF).

Australian resources developer Stirling Resources Limited (ASX:SRE) has launched a share entitlement issue to raise approximately A$17.5 million to fund the recapitalisation of Monarch Gold, and the commencement of its gold operations near Kalgoorlie.

Australian resources developer, Stirling Resources Limited (ASX:SRE), has welcomed the approval by Monarch Gold Mining shareholders for Stirling's proposal to recapitalise and recommence its operations. Stirling reached agreement with Administrators Pitcher Partners to inject funds into Monarch to recommence operations at the Carnegie and Mt Ida gold projects in the WA Goldfields.

While today's meeting is largely procedural, I thought it would timely to provide a brief update on Stirling Resources Limited's (ASX:SRE) recent developments since our shareholders meeting in May. At the AGM, we outlined the strategy to grow Stirling as a diversified Australian resource developer, with equity holdings in several listed entities, covering targeted commodities.

Australian resources developer, Stirling Resources Limited (ASX:SRE), announced that at a meeting of the creditors of the various Monarch companies, creditors approved the resolutions necessary to vary the Deeds of Company Arrangement to accept the Recapitalisation proposal offered by Stirling Resources Ltd.

Stirling Resources Limited (ASX:SRE) today announced it had reached an agreement with Administrators Pitcher Partners to inject funds into Monarch Gold Mining Limited (subject to Deed of Company Arrangement) (ASX:MON) to fund the recommencement of operations at the Davyhurst and Mt Ida gold projects located in the Western Australian Goldfields.

Monarch Gold Mining Company Limited (ASX: MON) - Paydirt Gold Conference Presentation - Mr Michael Kiernan, Executive Chairman; Boardroomradio is pleased to announce that Monarch Gold Mining Company Limited (ASX: MON) has published an audio file.