Territory cuts off cash to Monarch

AFTER its board shake-up and the departure of Michael Kiernan, Territory Resources has moved to reassure shareholders that the Frances Creek operation is still making money. However, the company will “review” its holding in Kiernan’s Monarch Gold and no further funds will be made available to help the struggling miner.

Territory cuts off cash to Monarch Territory cuts off cash to Monarch Territory cuts off cash to Monarch Territory cuts off cash to Monarch Territory cuts off cash to Monarch

Territory said today that while it would not provide a detailed financial assessment before it needed to submit its next quarterly report, the company did tell shareholders Frances Creek was “

loader