June 1 (Reuters) - Monarch Gold Corp MQR.TO :
* PRESS RELEASE - MONARCH GOLD SELLS FAYOLLE TO IAMGOLD FOR $11.5 MILLION
* MONARCH GOLD - ENTERED INTO AGREEMENT FOR SALE OF FAYOLLE PROPERTY TO IAMGOLD CORPORATION
* MONARCH GOLD - FUNDS FROM TRANSACTION WILL ALLOW CO TO ADVANCE WASAMAC PROJECT AT FASTER PACE