May 7 (Reuters) - Monarch Gold Corp MQR.TO :
* CDPQ INVESTS $5 MILLION IN MONARCH GOLD TO SUPPORT THE POTENTIAL RE-OPENING OF THE BEAUFOR MINE
* MONARCH GOLD CORP - CORPORATION WILL UNDERTAKE AN EXTENSIVE 42,500-METRE DRILLING PROGRAM ON BEAUFOR.
* MONARCH GOLD CORP - ULTIMATE GOAL IS TO RESTART GOLD PRODUCTION AT BEAUFOR MINE WITHIN 12 TO 18 MONTHS TO TAKE ADVANTAGE OF BULLISH GOLD MARKET
* MONARCH GOLD CORP - AGREEMENT WITH CDPQ TO SELL A 3% NET SMELTER RETURN ROYALTY ON GOLD PRODUCTION AT BEAUFOR MINE