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Additional Information
Market: OTCBB
Sector: General Mining - Gold
EPIC: BULM
Latest Price: $0.98  (0,00%)
52-week High: $0.00
52-week Low: $0.00
Market Cap: $38.40M
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Bullion Monarch Mining
www.bullionmm.com

Bullion Monarch Mining Inc. is a natural resource company that acquires mining properties to explore and develop.  Bullion’s goal is to see the properties produce through joint ventures, leases, or sales.  Bullion Monarch has recently undergone a reorganization and is now known as Bullion Monarch Mining, Inc.  The company’s new trading symbol is BULM. Bullion believes it has excellent mining properties in Northern Nevada and throughout the Western United States.  Newmont’s new, large Leeville underground mine and he East Ore Body Mine are currently producing royalty payments to Bullion. The company also acquired a 60% interest in EnShale, Inc. in 2005 (now 80%) in order to profit from the growing demand for oil by mining and processing oil shale into oil products. The Company currently has under lease 4,650 acres of oil shale property in the mahogany zone.

Full Bullion Monarch Mining profile here
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Bullion Monarch Mining confirms intention to list on Toronto Stock Exchange

29th Oct 2010, 8:47 am

US focused and listed gold junior Bullion Monarch Mining (OTCQB:BULM) confirmed its intention to apply for a listing on the Toronto Stock Exchange. 


One of Bullion Monarch’s key assets is a 1% GSR (gross smelter royalty) on Newmont Mining's (NYSE:NEM) Leeville mine on the Carlin trend, which generated revenues of US$5.2 million in fiscal 2010.  The value of the royalty recently attracted an unsolicited approach from Eurasian Minerals (TSX-V:EMX), which valued Bullion Monarch at approximately $43 million. Bullion Monarch swiftly rejected the offer.


The company instead has chosen to focus on raising the profile of the company through a listing on North America’s premier market for natural resources focused companies. Petersen Law, a corporate finance law firm has been engaged to assist with the listing process, and preliminary discussions with the TSX has commenced.


“Bullion Monarch Mining management feels that a TSX listing is a top priority to continue the rapid growth of the Company. The Company’s goal is designed to expose the Company to a very knowledgeable, sophisticated and active base of institutional and individual investors,” the company stated.


Beyond the 1% GSR, Bullion Monarch has exploration projects in Brazil and Mexico, and also owns a proprietary technology for extracting oil from shale.

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