Mr. Rob Husband reports
MAJESTIC GOLD APPOINTS CONTROLLER
Majestic Gold Corp.has appointedDavid Chen as controller for Majestic Gold.Mr. Chen is a certified general accountant in Canada and a certifiedaccountant in China. He holds an honours bachelor of commerce degree andmaster of business administration degree from Laurentian University inCanada. Mr. Chen possesses sound knowledge in international financialreporting standards (IFRS), Canadian generally accepted accountingprinciples (GAAP), andChinese GAAP. He has over 17 years of experience in financial reportingandmanagement, and financing for public and private companies, includingexperience leading financial reporting for mergers and acquisitions. Mr.Chen led the financial reporting team and played a key role in thesuccessin the China Gold International Resources Corp. China Gold wasthe first Toronto Stock Exchange-listed gold mining company to achievedual primary listing onthe Hong Kong Stock Exchange with initial public offering proceeds ofapproximately $309-million (U.S.) and an acquisition of a largecopper-gold poly-metallic mine in2010. "We are delighted to have Mr. Chen join our team and look forwardto hiscontribution to assist in the further development of the company and itsflagship Song Jiagou property," stated Rod Husband, president andchief executive officer ofMajestic Gold.
In addition, the company has granted incentive stock options exercisable to purchase up to 30 millioncommon shares of Majestic Gold at a price of 20 cents per share todirectors, officers and consultants of the company and its subsidiaries.The options will be exercisable until Sept. 14, 2016, subject to earliertermination in accordance with their terms and Majestic Gold's stock optionplan. The option grant is subject to acceptance for filing by the TSXVenture Exchange.
We seek Safe Harbor.