![](../style/all/img/drapeau/grand/Canada.gif) | | Publié le 23 janvier 2015 | January 23, 2015 MAJESCOR RESOURCES INC. PROVIDES UPDATE ON THE TIMING FOR DEFINITIVE AGREEMENT WITH ADVANTAGEWON OIL CORP. Read more... |
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| January 23, 2015 MAJESCOR RESOURCES INC. PROVIDES UPDATE ON THE TIMING FOR DEFINITIVE AGREEMENT WITH ADVANTAGEWON OIL CORP. Read more... | |
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MAJESCOR RESOURCES INC. PROVIDES UPDATE ON THE TIMING FOR DEFINITIVE AGREEMENT WITH ADVANTAGEWON OIL CORP.
Friday, January 23, 2015
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
Ottawa, Ontario, January 23, 2015 - Majescor Resources Inc. ("Majescor" or the "Corporation") (TSX-V: MJX) is pleased to announce that Advantagewon Oil Corp., ("Advantagewon") and Majescor have agreed to extend the date for signing the definitive agreement (the "Definitive Agreement") to enter into a business combination which will constitute a reverse take-over to list Advantagewon on the TSX Venture Exchange ("TSX-V") (the "Proposed Transaction") until January 31, 2015. Please refer to Majescor's news release dated November 27, 2014 available at www.sedar.com or www.majescor.com for further details of the Proposed Transaction.
C. Tucker Barrie, President and Interim CEO of Majescor states: "We are pleased with the progress being made and continue to make great strides towards signing a definitive agreement with Advantagewon".
About Advantagewon
Advantagewon was incorporated under the Business Corporations Act (Ontario) on July 10, 2013, and is a widely-held privately owned, Toronto-based oil and gas company with a focus on lower cost, lower risk development opportunities in Texas, U.S.A. Advantagewon currently owns two properties in Texas: (i) the Saratoga property located in Hardin County, Texas; and (ii) the La Vernia property located in Guadalupe County, Texas.
About Majescor
Majescor was incorporated under the Canada Business Corporations Act on February 23, 1996 and is a TSX-V listed junior resource (mining) company. Majescor, through SIMACT Alliance Copper-Gold Inc., a wholly-owned subsidiary of the Corporation, holds a majority interest in SOMINE SA, a registered Haitian Company. SOMINE SA in turn holds 100% mineral rights to the Douvray porphyry copper-gold project and the Faille B vein gold located in the Northeast mineral district of the Republic of Haiti, near the port-city of Cap-Haitian. In addition, Majescor holds a 0.5% gross operating royalty for the Brauna #3 kimberlite diamond project, currently being developed by Lipari Mineração Ltda. a private Brazilian mining company in Bahia, Brazil (the "Royalty"). Pursuant to the Letter of Intent dated October 31, 2014, it is proposed that Majescor will divest itself of all of its mining and other assets, with the exception of the Royalty, and settle or discharge all liabilities prior to completion of the Proposed Transaction.
Additional Information
In accordance with the policies of the TSX-V, the Corporation's shares are currently halted from trading and will remain so until such time as the TSX-V determines.
If and when a Definitive Agreement between the Corporation and Advantagewon is executed, the Corporation will issue a subsequent press release in accordance with the policies of the TSX-V containing the details of the Definitive Agreement and additional terms of the Proposed Transaction.
Completion of the Proposed Transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and disinterested shareholder approval. The Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Majescor should be considered highly speculative.
The TSX-V has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.
The technical information in this news release has been reviewed and approved by C. Tucker Barrie, Ph.D., P. Geo. (Ontario), a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Properties.
For further information, please contact:
C. Tucker Barrie, Ph.D., P. Geo.
President and Interim CEO of Majescor Resources Inc.
Telephone: 613-241-5333
Fax: 613-421-8406
Email: [email protected]
Website: www.majescor.com
Paul Haber
Chairman of Advantagewon Oil Corp.
Telephone: 416-318-6501
Email: [email protected]
Website: www.advantagewonoilcorp.com
Legal Advisories
Additional information about the Corporation is available under Majescor's profile on SEDAR at www.sedar.com.
Reader Advisory Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the reverse take-over of the Corporation by Advantagewon, completion of the conditions precedent contained in the Letter of Intent, including obtaining the necessary approvals, completing the due diligence, executing the Definitive Agreement and completing the Financing, Majescor's plans to restructure, development potential of Advantagewon, recovery from drilling operations, generation of shareholder value, and the information to be included in future press releases. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Majescor's public disclosure documents, copies of which are available on Majescor's SEDAR profile at www.sedar.com.
Although Majescor believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Majescor's actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Majescor disclaims any intention or obligation to publically update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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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Cours de l'or et de l'argent pour les pays mentionnés : Canada | Haiti | Tous
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Majescor Resources Inc
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EXPLORATEUR |
CODE : MJX.V |
ISIN : CA7609603021 |
CUSIP : 760960104 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Majescor Res. est une société d’exploration minière d'or et de cobalt basée au Canada. Majescor Res. détient divers projets d'exploration à Madagascar. Ses principaux projets en exploration sont MISTASSINI, MIRABELLI, LAC LAPARRE et BAKER LAKE au Canada, DARAINA, ANKARAMY, ANALALAVA, ANTSAKABARY et BESAKOA à Madagascar et HAITI en Haiti. Majescor Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,2 millions CA$ (1,8 millions US$, 1,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 21 décembre 2001 à 9,00 CA$, et son plus bas niveau récent le 19 février 2016 à 0,02 CA$. Majescor Res. possède 31 300 000 actions en circulation. |
Financements de Majescor Resources Inc |
Nominations de Majescor Resources Inc |
Projets de Majescor Resources Inc |
Communiqués de Presse de Majescor Resources Inc |
17/06/2016 | June 15, 2016 Majescor Enters into an Option Agreement for t... |
26/05/2016 | May 25, 2016 MAJESCOR OPTIONS MONTAGNE B LITHIUM PROPERTIES,... |
16/05/2016 | May 12, 2016 MAJESCOR ANNOUNCES THE CLOSING OF A NON-BROKERE... |
18/04/2016 | April 18, 2016 MAJESCOR ANNOUNCES A $500,000 NON-BROKERED PR... |
19/01/2016 | January 19, 2016 CORRECTION ON MAJESCOR SELLS REMAINING INTE... |
19/01/2016 | Correction: On Majescor Sells Remaining Interest in Diamond ... |
23/12/2015 | December 23, 2015 MAJESCOR SELLS REMAINING INTEREST IN DIAMO... |
23/12/2015 | Majescor Sells Remaining Interest in Diamond Royalty, Announ... |
06/10/2015 | October 06, 2015 MAJESCOR ANNOUNCES THE APPOINTMENT OF NEW D... |
24/09/2015 | September 22, 2015 Majescor Announces Share Purchase Warrant... |
24/09/2015 | September 23, 2015 MAJESCOR ACQUIRES 172 CLAIMS USING DIAGNO... |
18/09/2015 | September 18, 2015 MAJESCOR ANNOUNCES SHARES FOR DEBT SETTLE... |
02/09/2015 | September 02, 2015 MAJESCOR SIGNS DEFINITIVE AGREEMENT FOR S... |
13/04/2015 | Mining in Haiti on hold amid uncertainty and opposition |
03/03/2015 | March 02, 2015 MAJESCOR SIGNS BINDING LETTER OF INTENT FOR S... |
02/03/2015 | (Haiti)Signs Binding Letter of Intent for Sale of Haitian Assets |
12/02/2015 | February 12, 2015 TERMINATION OF PROPOSED TRANSACTION WITH A... |
12/02/2015 | IIROC Trading Resumption - MJX |
23/01/2015 | January 23, 2015 MAJESCOR RESOURCES INC. PROVIDES UPDATE ON ... |
22/12/2014 | December 22, 2014 MAJESCOR RESOURCES INC. PROVIDES UPDATE RE... |
27/11/2014 | November 27, 2014 MAJESCOR RESOURCES INC. ANNOUNCES LETTER O... |
21/11/2014 | IIROC Trading Halt - MJX |
22/10/2014 | October 22, 2014 MAJESCOR HELD ITS ANNUAL AND SPECIAL MEETIN... |
22/10/2014 | Majescor Held its Annual and Special Meeting of Shareholders... |
21/10/2014 | October 21, 2014 MAJESCOR REPORTS CONTRUCTION LICENSE AWARDE... |
21/10/2014 | Majescor Reports Contruction License Awarded to Lipari Miner... |
03/04/2014 | Majescor Seeks Opportunities to Diversify Into New Industrie... |
18/10/2013 | .: Resolutions Approved at the Shareholder's Annual and Spe... |
01/10/2013 | Announces Sale of 1% Royalty on Brauna Diamond Project |
16/09/2013 | Board and Management Changes |
15/01/2013 | Reports Inferred Mineral Resource Estimate of 190 Mt Grading... |
23/10/2012 | Reports 35.65 m of 3.23 g/t Au in Hole FB-010; 4.50 m of 9.9... |
16/10/2012 | Announces $2.4 Million Non-Brokered Financing |
09/10/2012 | Intersects 388.5 m of 0.26% Cu, 0.38 g/t Ag, 0.01 g/t Au and... |
20/09/2012 | Intersects 17.5 m of 2.59 g/t Au, 0.95 g/t Ag and 0.14% Cu i... |
06/09/2012 | Intersects 276.4 m of 0.35% Cu, 1.34 g/t Ag, 0,05 g/t Au and... |
05/07/2011 | (Haiti)reases Its Position in Haitian Subsidiary |
24/05/2011 | and SOMINE Contract Buscore Consulting to Manage the SOMINE ... |
26/04/2011 | Appointment of Dr. Tucker Barrie as VP, Exploration |
05/11/2009 | & SACG Start Drilling at the SOMINE.../Majescor et SACG enta... |
06/10/2009 | and SACG discover a new copper-gold showing .../Majescor et ... |
02/12/2008 | Share Consolidation Approved |
01/08/2008 | New Website / Nouveau site Web |
27/02/2008 | and Azimut Outline 392 High-Priority Uranium Targets at Sout... |
08/01/2008 | Receive Additional Encouraging Uranium Assays from ... |
08/08/2007 | Partners with Shield Mining to Fast-Track Development of th... |
05/07/2007 | to Receive 1 million Diamonds North Resources shares ... |
31/05/2007 | Prepares to Drill "Lac Mantouchiche" Uranium |
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