Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 kms north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.

TSXV:MJS - Post by User

Majestic Gold Corp.

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Comment by MisterBon Jul 28, 2011 7:29pm

272 Views

Post# 18885377

RE: Acquisition of Majestic in the works!!

and.. from Majestic's PR (oddly, not included in the China mining PR):
The borrower has also agreed to a 90-day period for reciprocal due diligence reviews and discussions for the possible further involvement of the lender in the Song Jiagou project.
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Anyway, just found this very coincidental. Perhaps they will buy Majestic out. Perhaps they will do a debt financing. Perhaps they'll do nothing more than what they've done. We'll know by Nov 1 though - the end of the 90 day DD period.
B

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