Albert Mining Inc. (Formerly known as Majescor Resources Inc.) to trade under new symbol – AIIM
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) to trade under new symbol – AIIM
Momentum Public Relations
Press Release: July 31, 2017
Ottawa, Ontario / TheNewswire / July 31, 2017 – Majescor Resources Inc. (the “Company”) (TSX-V: MJX) is pleased to announce that it has received the final approval from the TSX Venture Exchange (“TSX-V”) regarding its name and symbol change. Accordingly, effective as of the opening on the market on Tuesday, August 1, 2017, the common shares of Albert Mining Inc. (formerly known as Majescor Resources Inc.) will commence trading on the TSX-V under the new symbol “AIIM” and the new CUSIP number 012847109.
As previously announced, the name change was approved by shareholders on July 14, 2017. The Company filed articles of amendment, effective today, formally changing the corporate name to “Albert Mining Inc.”
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) Announces the Results of its Annual and Special Meeting
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) Announces the Results of its Annual and Special Meeting
Momentum Public Relations
Press Release: July 19, 2017
Ottawa, Ontario / TheNewswire / July 19, 2017 – Albert Mining Inc. (“Albert” or the “Company”) (TSX-V: MJX) is pleased to announce the re-appointments of Mr. Andre Audet, Mr. Michel Fontaine, and Mr. Jacques Letendre as directors of Albert. The Company also welcomes a new director to its Board, Mr. Andre Larente. Mr. Larente is Chief Executive Officer of Diagnos. He has previously held leading management positions with companies such as Siemens, Syscan International, Newbridge Networks, Legent, Cognos, Tandem Computers and Honeywell Information Systems. Mr. Larente has built several AI based applications at Diagnos such as: Computer based analysis of amateur composers’ songs, a FOREX application covering eight currencies, a Computer Assisted Resource Detection System for the natural resource sector and Computer Assisted Retina Analysis system.
The shareholders have approved the appointment of the firm of Devisser Gray LLP as auditors of the Company and also approved the amendment to its stock option plan.
Since 1996, for 21 years, the Company has been known as Majescor Resources Inc., however, at the Annual and Special Meeting of July 14th, 2017, its shareholders have approved to change Majescor’s name to Albert Mining Inc. (reference to news release June 20, 2017) The common shares of the Company will begin trading under the new name on the TSX Venture Exchange (“TSX-V”) upon acceptance by the TSX-V. The Company has also applied for a new CUSIP number and ticker symbol. In the interim, the Company will continue to trade under the symbol “MJX” on the TSX-V until further notice.
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
Additional information about the Company is available under Majescor’s profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor/Albert Mining Commences Exploration on its Quebec Diamond and Gold Properties
Majescor/Albert Mining Commences Exploration on its Quebec Diamond and Gold Properties
Momentum Public Relations
Press Release: June 27, 2017
Ottawa, Ontario / TheNewswire / June 27, 2017 – Majescor Resources Inc. /Albert Mining (“Majescor” or the “Corporation”) (TSX-V: MJX), an exploration mining Company and a leader in applying Artificial Intelligence and data mining technical services in the mining sector using its Computer Aided Resources Detection System (“CARDS”), is pleased to announce the initiation of its summer 2017 field program on its gold and diamond properties*, notably:
James Bay Kimberlite
The James Bay Kimberlite property which consists of 21 claims blocks (131 CDC claims) located in proximity to the Renard Diamond Mine and Stornoway’s Adamantin Project , will be investigated in early July through till sampling. Some of the glacial sediment samples will be collected immediately down ice from the 37 kimberlite targets that were identified and scored by rank of priority using the Computer Aided Resource Detection System (CARDS). This territory became a focal point for kimberlite exploration following the discovery of diamonds in the Renard and the Beaver Lake sectors. The helicopter-borne sampling will be carried out by two senior geologists and the samples will be promptly submitted to Overburden Drilling Management of Ottawa for the recovery and identification of kimberlitic indicator minerals.
Nelly Neilson gold and Laparre Kimberlite
Work on the two projects will be carried out in conjunction with exploration on the James Bay Kimberlite property. The Nelly Neilson and Laparre properties respectively cover anomalous gold grains and kimberlite indicator minerals in glacial sediment identified through previous regional sampling. The follow-up work will entail closely-spaced till sampling to confirm and better locate the source of the minerals. About ten till samples are planned at Laparre. Till fences, in contrast, are to be performed perpendicularly to the main ice flow at Nelly Neilson.
Currie-Madeleine Gold-Copper
The Currie-Madeleine property covers 4 gold targets, 1 copper target, and 2 copper-zinc targets, all generated by Albert Mining using its Computer Aided Resource Detection System (CARDS). It consists of 54 claims (CDC) distributed in two blocks for a total area of 3,030 hectares. The property is located in the Lebel-sur-Quevillion and Desmaraisville area and it rests on the prolific Archean Abitibi sub-province. Four gold showings grading over 1 g/t and two zinc showings grading over 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} have been reported in historical drill holes on the property. Many gold showings are described in the area and three gold deposits: Discovery, Lake Rose, and Flordin, are located within seven km of the property. After the compilation and integration of all geology and drilling reports, geophysical ground and recent airborne surveys, including data from adjacent properties, a first phase exploration program including field reconnaissance will be performed on the CARDS-generated targets. A high-resolution geophysical EM survey will follow. A detailed analysis of the data from the second phase will aid the company to re-evaluate the mineral potential of the property and determine the appropriate location and orientation of future drill holes.
Wachigabau Gold-Copper
The Wachigabau property covers 5 gold targets and 1 copper target selected from the CARDS computer program of Albert Mining. It consists of 33 map-designated claims (CDC), totaling 1,842.03 hectares. The property lies within the southern band (Caopatina Segment) of the Chibougamau-Matagami Archean greenstone belt. The Wachigabau property is located within a 15 km radius of 2 gold deposits (Short Lake & Mariposite) and 3 known gold and base metals showings (Lac Relique-Ouest, Simard & Lac Lapointe SE). A geochemical survey will be performed over the CARDS gold targets hidden below thick overburden so as to validate their mineral potential.
Mirabelli Gold
Majescor recently initiated its 2017 field season by completing detailed prospection and infill till sampling along the paved Radisson Road on its Mirabelli Property located in Quebec’s James Bay area. The suspected iron formation was observed in bedrock and samples were sent to the laboratory for gold and multi-element analysis. Till samples are being processed for recovery and identification of visible gold particles and heavy mineral fractions.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Majescor also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Majescor can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Corporation’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
The scientific and technical content of this release was approved by Grigor Heba, P.Geo. a qualified person as defined by the National Instrument 43-101. For further information, please consult Albert’s website https://albertmining.com/ or contact
Michel Fontaine
President and CEO of Majescor Resources Inc./Albert Mining Inc.
Telephone: 514-994-5843
Email: michel@majescor.com
Additional information about the Corporation is available under Majescor’s profile on SEDAR at www.sedar.com.
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the resumption of the trading of Majescor shares on the TSX Venture Exchange. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Majescor’s public disclosure documents, copies of which are available on Majescor’s SEDAR profile at www.sedar.com.
Although Majescor believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Majescor’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Majescor disclaims any intention or obligation to publically update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor Resources to Change Name to Albert Mining Inc. and Announces a $550,000 Non-brokered Private Placement
Majescor Resources to Change Name to Albert Mining Inc. and Announces a $550,000 Non-brokered Private Placement
Momentum Public Relations
Press Release: June 20, 2017
Ottawa, Ontario / TheNewswire / June 20, 2017 – Majescor Resources Inc. (“Majescor” or the “Corporation”) (TSX-V: MJX) announces that it has decided to change its corporate name to “Albert Mining Inc.” The Corporation has adopted the name “Albert Mining Inc.”, and will formalize its re-branding initiatives in the near future, to reflect the acquisition of the entire mining division of DIAGNOS, including the Computer Aided Resources Detection System (“CARDS”), Manageo (claims management), as well as all the exploration projects and Royalties.
The name change is designed to eliminate confusion and better align the Corporation’s name to its current identity as it focuses efforts on exploration, services using its 2D-3D CARDS system using Artificial Intelligence (AI) and datamining. The common shares of the Corporation will begin trading under the new name on the TSX Venture Exchange (“TSX-V”), upon acceptance by the TSX-V, which should be shortly following the Corporation’s next annual and special meeting of shareholders scheduled for July 14, 2017. The Corporation will also apply for a new CUSIP number and ticker symbol. In the interim, the Corporation will continue to trade under the symbol “MJX” on the TSX-V until further notice. The Corporation’s website has changed from www.majescor.com to www.albertmining.com.
Majescor announces a $550,000 non-brokered private placement (the “Offering”) comprised of $250,000 in flow through common shares at an issue price of $0.12 per share and $300,000 in non-flow through common shares at an issue price of $0.10 per share with one common share purchase warrant (the “Warrant”). Each Warrant entitles the holder thereof to acquire one additional common share in the capital of the Corporation at a price of $0.16 per share for a period of twenty-four (24) months following the closing of the Offering. All securities issued in the Offering are subject to a four-month and one day “hold” period. The proceeds of the Offering will be used for exploration on the Corporation’s James Bay Kimberlites project located close to the Stornoway Diamond Mine, and Currie Madeleine and Wachigabau gold projects located in the Lebel sur Quevillon region, Quebec.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Majescor also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”).
For further information, please contact:
Michel Fontaine
President and CEO of Majescor Resources Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@majescor.com
Website: www.majescor.com
Additional information about the Corporation is available under Majescor’s profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
DIAGNOS Acquires Interest in Majescor Resources Inc.
DIAGNOS Acquires Interest in Majescor Resources Inc.
Momentum Public Relations
Press Release: May 17, 2017
BROSSARD, QUEBEC–(Marketwired – May 17, 2017) – Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX VENTURE:ADK), a leader in early detection of critical health issues through the use of Artificial Intelligence, announces that, as stated in a news release dated May 17th, 2017 by Majescor Resources Inc. (“Majescor” or the “Issuer”), Majescor has received regulatory and shareholders’ approval for the issuance to the Corporation of 8,000,000 common shares (“Shares”) pursuant to the sale of the assets from its mining division announced on March 15th, 2017. The news release from Majescor triggered the requirement to file an early warning report (“Form 62-103F1”) by DIAGNOS and to publish this press release.
DIAGNOS currently owns 2,500,000 Shares of the Issuer representing an approximate 6.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the outstanding Shares of the Issuer on an undiluted basis and partially diluted basis. Immediately following the issuance of 8,000,000 Shares, DIAGNOS will own, directly and indirectly, 10,500,000 Shares, representing an approximate 21.68{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the Issuer on an undiluted basis and partially diluted basis.
DIAGNOS’ investment in Shares of Majescor is solely for investment purposes. Based upon subsequent developments affecting the Issuer or its business and the general market and economic conditions, DIAGNOS may decide to purchase additional securities of the Issuer or may decide to sell all or part of its investments.
A copy of Form 62-103F1 can be found on SEDAR.com or may be obtained by submitting a written request to:
Diagnos Inc. |
c/o Accounting and Legal Dept. |
7005 Taschereau Blvd, suite 340 |
Brossard, Qc, J4Z 1A7 |
450-678-8882 ext. 235 |
About DIAGNOS
Founded in 1998, DIAGNOS is a publicly traded Canadian corporation with a mission of early detection of critical health issues through the use of its Artificial Intelligence (“AI”) tool CARA (Computer Assisted Retina Analysis). CARA is a tele-ophthalmology platform that integrates with existing equipment (hardware and software) and processes at the point of care (POC). CARA’s Artificial Intelligence image enhancement algorithms make standard retinal images sharper, clearer, and easier to read. CARA is accessible securely over the internet, and is compatible with all recognized image formats and brands of fundus cameras, and is EMR compatible. CARA is a cost-effective tool for screening large numbers of patients, in real-time and has been approved by regulatory authorities including Health Canada, US Food and Drug Administration, the European Union and in Mexico.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
DIAGNOS Inc.
Marc-Andre Massue
CFO
1-877-678-8882 or (450) 678-8882, ext.: 235
- Published in Albert Mining, Mining, News Home
Majescor Resources Receives the Approval From the TSX-V for the Acquisition of the Mining Division Of Diagnos
Majescor Resources Receives the Approval From the TSX-V for the Acquisition of the Mining Division Of Diagnos
Momentum Public Relations
Press Release: May 17, 2017
Ottawa, Ontario / TheNewswire / May17, 2017 – Majescor Resources Inc. (“Majescor” or the “Company”) (TSX-V: MJX) is pleased to announce that it has received TSX-V Exchange approval for the acquisition of the mining division of Diagnos Inc. (“DIAGNOS”) (reference: News release of March 15, 2017). The Company has also received written consents of the majority of its disinterested shareholders for the creation of a new Control Person, DIAGNOS.
“We are pleased to move forward with this strategic acquisition. This is a game changer for Majescor. It puts us in the forefront in becoming the leader in using artificial intelligence and machine learning for mineral exploration. DIAGNOS has over a 10-year track record of using and perfecting its CARDS (Computer Aided Resources Detection System) and we are excited about the added value that Majescor will now be able to provide to our own mineral projects as well as the potential for revenue-generating third party applications”, stated Andre Audet, President and CEO of Majescor.
Under the terms of the agreement, Majescor will issue 8,000,000 common shares of its share capital to DIAGNOS, at a deemed price of $0.10 per share, in payment for the acquisition of the assets, consisting of DIAGNOS’ mining claims, royalty agreements, and the CARDS system. Additionally, Majescor will remit to DIAGNOS (i) 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of any payment that Majescor receives from the royalty agreements forming part of the acquired assets, and (ii) 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of revenues generated by the commercialization of the CARDS system.
The common shares issued to DIAGNOS will bear a restrictive legend for four months and one day. As a result of the issuance of the 8,000,000 common shares to DIAGNOS, Majescor has 48,427,775 common shares issued and outstanding.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.
For further information, please contact:
Andre Audet
President & CEO of Majescor Resources Inc.
Telephone: 613-241-5333
Fax: 613-422-0773
Email: andre@evertonresources.com
Website: www.majescor.com
Additional information about the Corporation is available under Majescor’s profile on SEDAR at www.sedar.com.
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the resumption of the trading of Majescor shares on the TSX Venture Exchange. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Majescor’s public disclosure documents, copies of which are available on Majescor’s SEDAR profile at www.sedar.com.
Although Majescor believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Majescor’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Majescor disclaims any intention or obligation to publically update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor closes private placement for $655,000
Majescor closes private placement for $655,000
Momentum Public Relations
Press Release: April 10, 2017
Majescor Resources Inc. has closed a $655,000 non-brokered private placement at 10 cents with one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share in the capital of the corporation at a price of 16 cents per common share for a period of 24 months expiring on April 7, 2019. The warrants are subject to a forced exercise provision that, should the corporation’s common shares trade at a price of 24 cents or more for 30 consecutive days, the warrantholder will then have 30 days following the 30th day of trading to exercise the warrants before they expire.
All securities issued in the private placement are subject to a four-month hold period and to all necessary regulatory approvals, including the approval of the exchange.
In connection with the private placement, the company is paying a cash finder’s fee of $15,200 and will issue 76,000 common shares and 76,000 non-transferable finder’s warrants. Each finder’s warrant entitles the holder to purchase one additional common share at a price of 16 cents per share for a period of 24 months expiring April 7, 2019.
The proceeds of the financing will be used for general corporate purposes.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor Resources appoints Letellier as CFO
Majescor Resources appoints Letellier as CFO
– Momentum Public Relations –
Press Release: March 1, 2017
Lucie Letellier has been appointed as chief financial officer of Majescor Resources Inc. effective immediately. She will be replacing Sabino Di Paola who has resigned to pursue other projects. Mrs. Letellier is a financial professional with specialization in finance and accounting having spent over 25 years in public accounting. From 2005 to 2009 Mrs. Letellier was the CFO of Paramount Gold and Silver Corp., having contributed to the development of the company from a private enterprise through private capital raising and two public listings, overseeing $30-million in equity financing. Paramount Gold was later acquired by Coeur Mining for $200-million. Most recently, Mrs. Letellier was CFO of Crestwell Resources. Her work experience also includes acting as credit and loan officer and controller for private enterprises. Her skills include financial reporting for U.S. and Canadian pubic companies, tax compliance, corporate governance and continuous disclosure requirements.
Andre Audet, chief executive officer, wishes to thank Mr. Di Paola for his dedication and excellent work and wishes him well in all his endeavours.
Granting of options
Majescor has granted options to purchase up to 200,000 common shares of the corporation to one of its officers at a price of 10 cents per share for a period of five years ending Feb. 24, 2022.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor arranges $1-million private placement
Majescor arranges $1-million private placement
– Momentum Public Relations –
Press Release: February 15, 2017
Majescor Resources Inc. has arranged a $1-million non-brokered private placement composed of 10 million units at 10 cents per unit with one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share in the capital of the corporation at a price of 16 cents per common share for a period of 24 months following the closing of the offering. The warrants carry a forced exercise provision that, should the corporation’s common shares trade at a price of 24 cents or more for 30 consecutive days, the warrantholder will then have 30 days following the 30th day of trading to exercise the warrants before they expire. All securities issued in the private placement are subject to a four-month hold period. The proceeds of the financing will be used for exploration and working capital.
The corporation may pay finders’ fees on a portion of the private placement not relating to insiders of the corporation.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor stakes 6,120 ha at Mirabelli
Majescor stakes 6,120 ha at Mirabelli
– Momentum Public Relations –
Press Release: January 26, 2017
Majescor Resources Inc. has staked additional ground on its Mirabelli gold project in Quebec following the review of its exploration database. The property is in close proximity to the Radisson Highway, about 80 kilometres south of the KM 381 outpost.
The new claim block totalling 6,120 hectares is located just to the southeast of the claims covering a probable banded iron formation that were discussed in a recent news release (see Majescor news release dated Jan. 19, 2017). The new ground covers the source areas of anomalous gold values in till (up to 67 gold grains in heavy mineral concentrates and up to one gram per tonne gold from geochemical analyses of the fine fraction) samples collected over a previously unmapped section of a greenstone belt identified earlier by Majescor through high-resolution airborne geophysics. The highly anomalous tills are to be followed up through additional sampling and boulder investigation as early as possible this spring.
The technical content of this release was reviewed by Remi Charbonneau, PGeo, a qualified person as defined by the National Instrument 43-101.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home
- 1
- 2