Ottawa (pcJ News Briefs) – Majescor Resources Inc. (TSX-V: MJX) has completed previously announced non brokered private placement of 6,550,000 units at $0.10 per unit for gross proceeds of $655,000.
Each unit consists of one common share and one share purchase warrant entitling the holder thereof to acquire one additional common share at a price of $0.16 per common share for a period of twenty-four months expiring on April 7, 2019, subject to accelerated expiry.
Majescor Resources 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 $0.16 per share for a period of twenty-four months expiring April 7, 2019.
Majescor Resources intends to use proceeds for general corporate purposes.
Majescor Resources Inc. is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.
photo credit: Majescor Resources