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
Majescor Resources 416,666-share private placement
Majescor Resources 416,666-share private placement
– Momentum Public Relations –
Press Release: January 25, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 4, 2017.
Number of shares: 416,666 flow-through shares
Purchase price: 12 cents per share
Number of placees: one placee
For further details, please refer to the company’s news release dated Jan. 4, 2017.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home
Majescor stakes three gold-diamond projects in Quebec
Majescor stakes three gold-diamond projects in Quebec
– Momentum Public Relations –
Press Release: January 19, 2017
Majescor Resources Inc. has map-staked a number of new properties for gold and diamonds in Quebec based on a thorough review of its exploration database. The following is a brief summary of the recent acquisitions.
- Mirabelli — two claim blocks totalling more than 2,550 hectares were acquired in close proximity to the Radisson Road in the James Bay area. They cover the source area of anomalous gold values in till (up to 40 grains recovered from heavy mineral concentrates) samples collected over a previously unmapped probable banded iron formation identified earlier by Majescor through high-resolution airborne geophysics. The anomalous sectors are to be followed up through glacial sediment sampling as early as possible this spring, in conjunction with grassroots work on the unexplored portions of the pluri-kilometric belt;
- Laparre — the property, located in the Otish Mountains, totals 461 hectares and covers anomalous kimberlitic indicator minerals (KIMs) counts in till. Ground follow-up is planned for the next field season;
- Nottaway — the claim block totalling 1,899 hectares is situated roughly 105 kilometres west of the town of Matagami. It covers the probable head of a poorly defined, albeit very anomalous dispersal train of KIMs identified by RC (reverse circulation) drilling from glacial sediments. The recovery of counts of up to 300 KIMs from the basal section of the drill holes, and the significant proportion of ilmenites (up to 30 per cent) and garnets bearing fragile partial alteration mantles suggest proximity to source. A review of all available geophysical data over the property will be initiated in the near future. The higher-priority anomalies are to be tested by ground geophysics and drilling later in 2017. A number of untested magnetic anomalies are already known to be present within the project area based on earlier geophysical work.
Continuing projects
- Eastmain gold — a grassroots exploration program was performed by Diagnos in 2016 on nine claim blocks that surround the former Eastmain gold mine in the Otish Mountains area of Quebec. A total of 148 grab samples from different lithologies, as well as 10 samples from left-in-the-field drill cores from hole DDH 33C-05-08, were sent to ALS laboratory. Although no significant gold values were encountered, some of the visited targets present favourable alteration and deserve follow-up work;
- Rupert lithium — till sampling was carried out on transects in 2016 to follow up on distinctive lake sediment anomalies. Pegmatite was frequently visible in outcrop, and boulders showing two distinct facies (white and red pegmatite) were observed on one of the claim blocks located southwest of Whabouchi. Analytical results (ALS Labs in Val d’Or) are pending.
The technical content of this release was reviewed by Remi Charbonneau, PGeo, a qualified person as defined by National Instrument 43-101.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home