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Majescor Resources Inc. - Share
Consolidation Approved
Montreal, QC - December 2nd,
2008 - Majescor Resources Inc. ("Majescor" or the "Company") (MAJ : TSX-V)
reports that, at the Special Meeting of Shareholders held on December 1st
2008, shareholders approved the consolidation of the Company�s common
share capital on the basis of one (1) post-consolidation common share for every
ten (10) pre-consolidation common shares held.
The share consolidation has
been approved by the TSX Venture Exchange. Effective at the opening of trading
on Thursday, December 4, 2008, the Company will start trading on a
post-consolidated basis under the new trading symbol: �MJX�.
Upon implementation of the
consolidation, the Company will have approximately 9,992,417 common shares
issued and outstanding.
Concurrently with the
mailing of the information circular in regards to the Special Meeting of
Shareholders, the Company sent a letter of transmittal (the �letter�) to its
registered shareholders indicating the procedure to follow in order to exchange
their current share certificates of Majescor for new
post-consolidation share certificates. Shareholders of the Company are invited
to carefully follow the procedure outlined in the letter to receive their new
share certificates. Additional copies of the letter may be obtained by
contacting the Company�s Transfer Agent and Registrar, CIBC Mellon Trust
Company, at 1-800-387-0825 or at 1-416-643-5500 (in the Toronto area) or by
sending an email to inquiries@cibcmellon.com.
Majescor is a dedicated
uranium explorer focusing on emerging uranium districts. Majescor�s project
portfolio includes four uranium exploration projects in Quebec
and one in the Baker Lake basin in Nunavut.
The Quebec properties include South Rae and West
Minto (under option from Azimut Exploration Inc.); Mistassini
(100%-owned; under option to Strateco Resources Inc.); and Lac Laparre
(100%-owned; under option to Santoy Resources Inc. and Otish Energy
Inc.). In Nunavut, the Company holds
100% of the mineral rights to the Baker Lake
uranium property.
To find out more about
Majescor Resources Inc. (TSX-V: MAJ), please visit our new website at www.majescor.com, or contact us directly at:
Marc-Andre Bernier, President & CEO
marc-andre@majescor.com
Maureen Doherty, Manager
Corporate Communications
maureen@majescor.com
Tel: 613.241.5333 Fax: 613.241.8632
www.majescor.com
The TSX
Venture Exchange does not accept responsibility for adequacy or accuracy of
this release.
Pour voir ce communique en francais, veuillez
visiter le site web au www.majescor.com