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.
The primary use of gold is associated to jewelry. About 78% of the gold consumed each year goes in the manufacture of different jewelry products. So talking about uses of gold in ancient times, the metal was employed in the production of ornamental objects and this fact dates back to about 6000 years ago. Again, why is gold popular in the manufacture of jewelry? It's because of its different properties of being lustrous, its desirable yellow color, and tarnish resistance and of course, most important of all, it's incredibly high malleability and ductility.

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.







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