Majestic Gold Corp. (MJGCF)

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 chemical element so it can only be found, not manufactured. It is largely inert, which means: - (i) It is almost totally immune to decay, (ii) it is not very useful in any industrial/chemical processes which use it up and (iii) it is easy to store cheaply for long periods.
It is remarkable for its rarity, density, softness, and its very good electrical conductivity.

Gold finds a small number of industrial uses arising from its physical qualities. It is used in dentistry and in the manufacture of some electronics which require high quality non-corrosive contacts.

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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