The Spud Shack Fry Company Ltd. entered into a definitive agreement to acquire Monarchy Resources, Inc. (OTCPK:MONK) from Timothy John Thomas Ferguson, Danny Edward Close and other shareholders in a reverse merger transaction on October 12, 2014. Under the terms of the agreement, Spud Shack will exchange all of its outstanding shares in exchange for 90 million restricted common shares of Monarchy Resources. The agreement is scheduled to close on October 17, 2014.

Monarchy Resources will issue 54 million common shares to Timothy John Thomas Ferguson and 36 million common shares to Danny Edward Close of Spud Shack Fry. The transaction is expected to close on or before October 31, 2014.