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.

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