| January 19, 2016 CORRECTION ON MAJESCOR SELLS REMAINING INTEREST IN Diamond ROYALTY Read more... | |
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Ottawa, Ontario, January 19, 2016 - Majescor Resources Inc. ('Majescor' or the 'Corporation') (TSX-V: MJX). On December 23, 2015, the Corporation announced that it had sold its remaining 0.5% Gross Sales Royalty (the 'Royalty') on the Brauna Diamond property to a Director of the Corporation (the 'Purchaser') for CND $225,000.
Under the terms of the amendment dated January 12, 2016 to the option agreement, Majescor had granted the Purchaser until January 31, 2016, the sole and exclusive irrevocable right and option to acquire the Royalty for CND $279,000.
About Majescor Resources Inc.
Majescor was incorporated under the Canada Business Corporations Act on February 23, 1996 and is a TSX-V listed junior resource (mining) company.
For further information, please contact:
Sabino Di Paola
CFO of Majescor Resources Inc.
Telephone: 613-241-5333
Fax: 613-421-8406
Email: [email protected]
Website: www.majescor.com
Additional information about the Corporation is available under Majescor's profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Majescor Resources Inc
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EXPLORATION STAGE |
CODE : MJX.V |
ISIN : CA7609603021 |
CUSIP : 760960104 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Majescor Res. is a gold and cobalt exploration company based in Canada. Majescor Res. holds various exploration projects in Madagascar. Its main exploration properties are MISTASSINI, MIRABELLI, LAC LAPARRE and BAKER LAKE in Canada, DARAINA, ANKARAMY, ANALALAVA, ANTSAKABARY and BESAKOA in Madagascar and HAITI in Haiti. Majescor Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.8 millions, € 1.5 millions). Its stock quote reached its highest recent level on December 21, 2001 at CA$ 9.00, and its lowest recent point on February 19, 2016 at CA$ 0.02. Majescor Res. has 31 300 000 shares outstanding. |