Majestic Gold Corp. (MJGCF.PK)

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

Gold is a soft metal with a characteristic yellow coler. Gold is the most malleable and ductile of any element. It is unaffected by air, water, alkalis and acids, with the exception of "aqua regia", HNO3/HCl. The fact that it is chemically unreactive means that it is often found in its natural state. Gold is a good thermal and electrical conductor and has excellent reflective properties to both light and infrared. It has abundance in the earth's crust of 0.0011 ppm.

Most of the metal is retained for use as bullion reserves, but some is used within the electronics and jewellery industries, where it is frequently alloyed with other elements to improve the mechanical properties of the metal (e.g. copper and silver). Other uses for Gold are as a heat reflecting coating for glass as well as a decorative medium.

Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares ("Shares") of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.





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