Majescor Announces the Closing of A Non-Brokered Private Placement

- August 10th, 2010

Majescor Resources Inc. (CVE:MJX) is pleased to announced that it has completed a non-brokered private closing of 200,000 units (the “Units”) at a price of $0.25 for gross proceeds of $50,000.

Majescor Resources Inc. (TSXV:MJX) is pleased to announced that it has completed a non-brokered private closing of 200,000 units (the “Units”) at a price of $0.25 for gross proceeds of $50,000.

The press release is quoted as saying:

Each Unit consists of one common share of the Company (a “Common Share”) and one-half common share purchase warrant (each, a “Warrant”). Each Warrant entitles its holder to acquire one additional Common Share of the Company at a price of $0.40 per share until August 6, 2012. The proceeds will be used to fund the Company’s general working capital and exploration program on the SOMINE Copper-Gold property in Haiti.

Click here to access the entire press release

Click here to access Majescor Resources Inc. Corporate Site

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2 responses to “Majescor Announces the Closing of A Non-Brokered Private Placement

  1. Adam, it would be interesting to hear your sources for Total, Chevron & Conoco pulling out of discussions with the KRG, as only very recently there have been indications that Total has signed for at least 2 blocks.
    I wouldn’t take a lack of any announcement to that effect as proof that for your statement by the way, especially as the politics are a tad sensitive at the moment. 

  2. Adam, it would be interesting to hear your sources for Total, Chevron & Conoco pulling out of discussions with the KRG, as only very recently there have been indications that Total has signed for at least 2 blocks.
    I wouldn’t take a lack of any announcement to that effect as proof that for your statement by the way, especially as the politics are a tad sensitive at the moment. 

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