Nov 2 (Reuters) - Monarch Gold Corp MQR.TO :
* MONARCH GOLD ANNOUNCES FRIENDLY ACQUISITION AGREEMENT WITH YAMANA GOLD
* TOTAL CONSIDERATION TO BE PAID BY YAMANA TO SHAREHOLDERS OF MONARCH IS ABOUT C$60.8 MILLION IN CASH AND C$91.2 MILLION IN YAMANA SHARES
* ON COMPLETION OF TRANSACTION, MONARCH SHAREHOLDERS WILL OWN ABOUT 1.3% OF YAMANA, 100% OF SPINCO, YAMANA WILL OWN 100% OF MONARCH
* YAMANA TO BUY WASAMAC & CAMFLO PROPERTIES AND MILL THROUGH ACQUISITION OF ALL OUTSTANDING MONARCH SHARES FOR C$200 MILLION, C$0.63/ MONARCH SHARE
* YAMANA WILL BUY WASAMAC PROPERTY,CAMFLO PROPERTY,MILL VIA ACQUISITION OF ALL OF OUTSTANDING SHARES OF MONARCH FOR ABOUT C$200 MILLION
* AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF MONARCH WITH EXCEPTION OF YOHANN BOUCHARD WHO ABSTAINED
* WILL FIRST COMPLETE SPIN-OUT TO ITS SHAREHOLDERS, THROUGH A NEWLY-FORMED COMPANY ("SPINCO")