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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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

Bullboard Posts
Post by MisterBon Sep 14, 2011 10:06pm
314 Views
Post# 19043592

Majestic Gold names Chen controller

Majestic Gold names Chen controller

Majestic Gold names Chen controller

2011-09-14 19:11 ET - News Release

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.

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