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Majescor Resources Inc

Published : February 11th, 2010

Appoints Daniel F. Hachey as President and CEO /Daniel F. Hachey nomm=c3=a9

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Keywords :   Capital Markets | Copper | Gaz | Gold | Growth | Haiti | Madagascar | Market | Oil | Uranium |
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version fran�aise ci-dessous

For immediate release
February 11, 2010
MJX: TSX-Venture

Majescor Appoints Daniel F. Hachey as President and CEO

Montreal, QC, February 11, 2010.  Majescor Resources Inc.. ("Majescor" or the "Company") (MJX: TSX-V) is pleased to announce the appointment of Mr. Daniel F. Hachey as President & CEO of the Company.  Mr. Hachey replaces Mr. Marc-Andre Bernier who has stepped down to hold the position of Vice-President Exploration. Mr. Bernier remains on the Board of Directors of the Company. Majescor also announces that Mr. Jacques Letendre has resigned from the Board of Directors to become a Consultant to the Company..  Mr. Letendre will be replaced on the Board of Directors by Mr. Hachey.

Mr. Hachey brings to Majescor a strong investment banking background with over 23 years of experience in the capital markets, largely in the area of public equity financings and private placements. Dan's extensive experience and knowledge of the venture capital market and of the junior resource industry will be instrumental to the future growth of Majescor, as the Company positions itself to become a leading copper and gold explorer in Haiti as well as in other emerging mineral districts around the World.

Mr. Hachey has held senior investment banking positions with a number of firms, and has worked in Toronto, New York and Montreal.  Notable financings that Mr. Hachey has been a factor in include Glamis Gold Ltd. (acquired by Goldcorp Inc.); Canico Resource Corp. (acquired by Companhia Vale do Rio Doce ("CVRD"); Research in Motion; JDS Fitel (now JDS Uniphase); Alliance Communications (now Alliance Atlantis); as well as many other companies in various industries including mining, oil & gas, forest products, manufacturing and technology.

Mr. Hachey has also been active in the area of mergers and acquisitions and other advisory work. Most recently, he was President and CEO of Xinergy Ltd. (XRG:TSX, formerly Greenwich Global Capital Inc.). In addition, Mr. Hachey has held Board of Directors positions with both public (NASDAQ, AMEX, TSX and TSX-V) and private companies. 

Mr. Hachey Holds an MBA degree in Finance from McGill University. Prior to that he was enrolled in a Master of Science program at Universit� de Montreal after earning a B.Sc, degree from Concordia University.

Subject to approval of the TSX Venture Exchange and in accordance with the compensation policy and stock option plan of the Company, Mr. Hachey will receive 500,000 stock options of the Company.  Each stock option entitles the holder to subscribe for one common share of Majescor at a price of $0.24 per share for a five-year period.

About Majescor Resources Inc.

Majescor is a junior explorer focusing on emerging mineral districts. Majescor currently holds a 10% interest in SIMACT Alliance Copper-Gold Inc.. ("SACG").  On January 27, 2010, the Company announced it was exercising its option to acquire all of the remaining issued and outstanding common shares of SACG (see press release dated January 27, 2010). SACG holds title to 68.7% of all the issued and outstanding shares of SOMINE SA, a company incorporated under the laws of the Republic of Haiti. SOMINE SA's principal asset is its 100%-owned SOMINE copper-gold Property, located in the North-East mineral district of Haiti. Majescor's project portfolio also includes two uranium exploration projects in Quebec: Mistassini (100%-owned; under option to Strateco Resources Inc.) and Lac Laparre (100%-owned; under option to Virginia Energy Resources Inc.) In addition to uranium, Majescor owns 100% mineral rights to four gold and base metal properties in Madagascar (under option to Sunridge Gold Corp.)

To find out more about Majescor Resourcess Inc. (TSX-V: MJX), please visit our website at www.majescor.com, or contact us directly at:

Andr� Audet
President & CEO, Chairman
andre@evertonresources.com

Tel: 613 241 2332

Daniel F. Hachey
President & CEO
Majescor Resourcse Inc.

Tel: +1 905 206 1604

Forward-Looking Statements
This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither 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.



Ressources Majescor Resources

Pour diffusion im m�diate
Le 11 f�vrier 2010
MJX : Bourse de croissance TSX

Daniel F. Hachey nomm� � la direction de Ressources Majescor inc.

Montr�al, QC, le 11 f�vrier 2010.  Ressources Majescor inc. (� Majescor � ou la � Soci�t� �) (MJX : TSX-V ) a le plaisir d'annoncer la nomination de M. Daniel F. Hachey � titre de Pr�sident et Chef de la direction de la Soci�t�.  Monsieur Hachey remplacera M. Marc-Andr� Bernier qui d�s alors occupera les fonctions de Directeur des recherches..  Monsieur Bernier continuera d'agir � titre d'administrateur au sein du conseil d'administration.    Majescor annonce par ailleurs que M. Jacques Letendre a remis sa d�mission en tant qu'administrateur pour devenir expert-conseil pour le compte de la Soci�t�.  Monsieur Letendre sera remplac� sur le conseil d'administration par M. Hachey.

Le savoir-faire et l'exp�rience de M. Hachey seront des atouts importants au sein du conseil d'administration et de l'�quipe de direction de Majescor.  Monsieur Hachey poss�de une expertise au niveau du march� des valeurs mobili�res, cumulant plus de 23 ann�es d'exp�rience dans le domaine des services bancaires d'investissement, principalement en ce qui a trait aux financements par actions publics et par placement priv�. Ses connaissances approfondies du march� des capitaux de risque et de l'industrie des ressources naturelles lui conf�rent sans aucun doute les comp�tences n�cessaires pour mener � bien les projets de Majescor, particuli�rement au moment o� la Soci�t� s'appr�te � devenir un explorateur pour le cuivre et l'or de premier plan en Ha�ti et dans d'autres districts miniers en �mergence de par le monde.

Monsieur Hachey a occup� plusieurs postes de banquier d'affaire senior avec des firmes d'investissement �tablies de Toronto, New York et Montr�al. Parmi les financements majeurs dans lesquels M. Hachey a �t� impliqu�, l'on retrouve Glamis Gold lt�e. (acquise par Goldcorp inc..); Ressources Canico corp, (acquise par Companhia Vale do Rio Doce ("CVRD")); Research in Motion; JDS Fitel (maintenant JDS Uniphase); Alliance Communications (maintenant Alliance Atlantis); ainsi que plusieurs autres soci�t�s actives dans les industries mini�res, le p�trole et gaz, les produits forestiers, les secteurs manufacturiers et des technologies.

Monsieur Hachey a �galement �t� impliqu� dans des transactions de fusion et d'acquisition corporatives.  R�cemment, il occupait les fonctions de Pr�sident et Chef de la direction de  Xinergy lt�e. (TSX: XRG; anciennement Greenwich Global Capital inc.). Par ailleurs, M. Hachey a occup� des postes d'administrateurs pour le compte de soci�t�s autant publiques (NASDAQ, AMEX, TSX et TSX-V) que priv�es.

Monsieur Hachey est titulaire d'une Maitrise en Administration des Affaires, option Finances de l'Universit� McGill.  Auparavant, il a effectu� des �tudes sup�rieures en sciences � l'Universit� de Montr�al suite � l'obtention d'un baccalaur�at en sciences de l'Universit� Concordia.

Sujet � l'approbation des autorit�s r�glementaires et en conformit� avec le r�gime d'options d'achat d'actions de la Soci�t�, M. Hachey recevra 500 000 d'options d'achat d'actions de Majescor.  Chaque option d'achat d'action lui donne le droit d'acqu�rir une action ordinaire de Majescor au prix de 0,24 $ par action pour une p�riode de cinq ans.

� propos de Majescor

Majescor est une soci�t� junior d'exploration ouvrant dans des districts miniers en �mergence. Majescor d�tient pr�sentement 10 % des actions de SIMACT Alliance Copper Gold (� SACG �).  Le 27 janvier dernier, la Soci�t� annon�ait qu'elle exer�ait son droit d'acqu�rir le reste des actions �mises et en circulation de SACG (voir communiqu� de Majescor dat� du 27 janvier 2010).  SACG  d�tient 68,7 % de toutes les actions �mises et en circulation de SOMINE SA, une compagnie constitu�e en vertu des lois de la R�publique d'Ha�ti. L'actif principal de SOMINE est la propri�t� de cuivre-or SOMINE, d�tenue � 100 % et situ�e dans le district min�ral du Nord-Est d'Ha�ti. Le portefeuille de propri�t�s de Majescor comprend �galement deux projets d'exploration pour l'uranium au Qu�bec : Mistassini (d�tenue � 100%; option accord�e � Ressources Strateco inc.) et Lac Laparre (d�tenue � 100 %; option accord�e � Virginia Energy Resources inc.). En plus de l'uranium, Majescor d�tient 100 % des droits miniers pour l'or et les m�taux usuels dans quatre propri�t�s au Madagascar (option accord�e � Sunridge Gold Corp.).

Pour de plus amples renseignements sur Ressources Majescor inc. (TSX-V : MJX), veuillez consulter notre site web au : www.majescor.com, ou communiquer directement avec nous :

Andr� Audet
Pr�sident du conseil d'administration
Ressources Majescor inc.
andre@majescor.com

Tel: +1.613.241.5333   

Daniel F. Hachey
Pr�sident et Chef de la direction
Ressources Majescor inc.


Tel.: +1.905.206.1604

 

�nonc�s prospectifs
Le pr�sent communiqu� peut contenir ou faire r�f�rence � des � �nonc�s prospectifs � qui refl�tent les attentes de la direction � l'�gard de la croissance, les r�sultats d'exploitation, le rendement et les perspectives et occasions d'affaires de la Soci�t� dans l'avenir. Ces �nonc�s refl�tent les avis de la direction au moment du pr�sent communiqu� et se fondent sur les renseignements actuellement � la disposition de la direction. Tous les �nonc�s autres que les �nonc�s de faits historiques compris dans ce communiqu�, incluant sans s'y limiter, des �nonc�s � l'�gard de min�ralisation et de r�serves potentielles, de r�sultats d'exploration et de projets et objectifs futurs de Ressources Majescor inc., sont des �nonc�s prospectifs qui impliquent des risques et des incertitudes. Nul ne peut garantir que ces �nonc�s s'av�reront exacts, ainsi les r�sultats r�els et les �v�nements futurs pourraient diff�rer sensiblement de ceux anticip�s par de tels �nonc�s. Parmi les facteurs importants qui pourraient faire en sorte que les r�sultats r�els diff�rent sensiblement des attentes de la direction, citons les risques li�s � l'exploration d�crits dans les pr�sentes et de temps � autre dans les documents d�pos�s par la Soci�t� aupr�s des autorit�s r�glementaires en valeurs mobili�res.

La Bourse de croissance TSX et son fournisseur de services de r�glementation (au sens attribu� � ce terme dans les politiques de la Bourse de croissance TSX) n'assument aucune responsabilit� quant � la pertinence et � l'exactitude du pr�sent communiqu� de presse.

Data and Statistics for these countries : Haiti | Madagascar | All
Gold and Silver Prices for these countries : Haiti | Madagascar | All

Majescor Resources Inc

EXPLORATION STAGE
CODE : MJX.V
ISIN : CA7609603021
CUSIP : 760960104
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Majescor Res. is a gold and cobalt exploration company based in Canada.

Majescor Res. holds various exploration projects in Madagascar.

Its main exploration properties are MISTASSINI, LAC LAPARRE, BAKER LAKE and MIRABELLI in Canada, DARAINA, ANTSAKABARY, ANALALAVA, ANKARAMY and BESAKOA in Madagascar and HAITI in Haiti.

Majescor Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.8 millions, € 1.5 millions).

Its stock quote reached its highest recent level on December 21, 2001 at CA$ 9.00, and its lowest recent point on February 19, 2016 at CA$ 0.02.

Majescor Res. has 31 300 000 shares outstanding.

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Financings of Majescor Resources Inc
9/9/2013Announces the Closing of its Non-Brokered Private Placement
8/8/2013Announces Re-Pricing of its Private Placement Offering Previ...
7/30/2013Announces Private Placement Under Temporary Relief Measures
6/25/2013Announces a Non-Brokered Private Placement
5/17/2013Announces the Closing of a Non-Brokered Private Placement
1/22/2013Announces the Closing of the 1st Tranche of a Non-Brokered P...
6/14/2011Announces Extension of Warrants
Nominations of Majescor Resources Inc
7/3/2013Announces the Resignation of a Director
2/11/2010Appoints Daniel F. Hachey as President and CEO /Daniel F. Ha...
Project news of Majescor Resources Inc
4/30/2013(Besakoa)Enters Into Non-Binding Agreement to Sell its 50% Interest i...
6/2/2011(Mistassini)and Strateco Execute Joint Venture Agreement on the Mistassi...
11/27/2008(Mistassini) Plan a Winter Exploration Program and Sign a Definitive Opt...
8/8/2008(South Rae)Outlines Two Significant Uranium-bearing Outcrop Zones
8/5/2008(Baker Lake)Outlines High-Priority Uranium Targets at Baker Lake...
6/19/2008(Baker Lake)acquires De Beers' interest in the Baker Lake property, Thel...
5/29/2008(Mistassini)Lac Mantouchiche Uranium Drill Intersection Improves to 0.21...
4/2/2008(Antsakabary) Options Madagascar Gold and Base Metal Properties to Sunrid...
2/21/2008(Mistassini)STRATECO EXERCISES ITS RIGHT TO OPTION 60% OF MAJESCOR'S URA...
5/17/2007(Otish (mistassini) - Majescor)reviewing strategic options on its 100%-owned Portage diamon...
Corporate news of Majescor Resources Inc
6/17/2016June 15, 2016 Majescor Enters into an Option Agreement for t...
5/26/2016May 25, 2016 MAJESCOR OPTIONS MONTAGNE B LITHIUM PROPERTIES,...
5/16/2016May 12, 2016 MAJESCOR ANNOUNCES THE CLOSING OF A NON-BROKERE...
4/18/2016April 18, 2016 MAJESCOR ANNOUNCES A $500,000 NON-BROKERED PR...
1/19/2016January 19, 2016 CORRECTION ON MAJESCOR SELLS REMAINING INTE...
1/19/2016Correction: On Majescor Sells Remaining Interest in Diamond ...
12/23/2015December 23, 2015 MAJESCOR SELLS REMAINING INTEREST IN DIAMO...
12/23/2015Majescor Sells Remaining Interest in Diamond Royalty, Announ...
10/6/2015October 06, 2015 MAJESCOR ANNOUNCES THE APPOINTMENT OF NEW D...
9/24/2015September 22, 2015 Majescor Announces Share Purchase Warrant...
9/24/2015September 23, 2015 MAJESCOR ACQUIRES 172 CLAIMS USING DIAGNO...
9/18/2015September 18, 2015 MAJESCOR ANNOUNCES SHARES FOR DEBT SETTLE...
9/2/2015September 02, 2015 MAJESCOR SIGNS DEFINITIVE AGREEMENT FOR S...
4/13/2015Mining in Haiti on hold amid uncertainty and opposition
3/3/2015March 02, 2015 MAJESCOR SIGNS BINDING LETTER OF INTENT FOR S...
3/2/2015(Haiti)Signs Binding Letter of Intent for Sale of Haitian Assets
2/12/2015February 12, 2015 TERMINATION OF PROPOSED TRANSACTION WITH A...
2/12/2015IIROC Trading Resumption - MJX
1/23/2015January 23, 2015 MAJESCOR RESOURCES INC. PROVIDES UPDATE ON ...
12/22/2014December 22, 2014 MAJESCOR RESOURCES INC. PROVIDES UPDATE RE...
11/27/2014November 27, 2014 MAJESCOR RESOURCES INC. ANNOUNCES LETTER O...
11/21/2014IIROC Trading Halt - MJX
10/22/2014October 22, 2014 MAJESCOR HELD ITS ANNUAL AND SPECIAL MEETIN...
10/22/2014Majescor Held its Annual and Special Meeting of Shareholders...
10/21/2014October 21, 2014 MAJESCOR REPORTS CONTRUCTION LICENSE AWARDE...
10/21/2014Majescor Reports Contruction License Awarded to Lipari Miner...
4/3/2014Majescor Seeks Opportunities to Diversify Into New Industrie...
10/18/2013.: Resolutions Approved at the Shareholder's Annual and Spe...
10/1/2013Announces Sale of 1% Royalty on Brauna Diamond Project
9/16/2013Board and Management Changes
1/15/2013Reports Inferred Mineral Resource Estimate of 190 Mt Grading...
10/23/2012Reports 35.65 m of 3.23 g/t Au in Hole FB-010; 4.50 m of 9.9...
10/16/2012Announces $2.4 Million Non-Brokered Financing
10/9/2012Intersects 388.5 m of 0.26% Cu, 0.38 g/t Ag, 0.01 g/t Au and...
9/20/2012Intersects 17.5 m of 2.59 g/t Au, 0.95 g/t Ag and 0.14% Cu i...
9/6/2012Intersects 276.4 m of 0.35% Cu, 1.34 g/t Ag, 0,05 g/t Au and...
7/5/2011(Haiti)reases Its Position in Haitian Subsidiary
5/24/2011and SOMINE Contract Buscore Consulting to Manage the SOMINE ...
4/26/2011Appointment of Dr. Tucker Barrie as VP, Exploration
11/5/2009& SACG Start Drilling at the SOMINE.../Majescor et SACG enta...
10/6/2009and SACG discover a new copper-gold showing .../Majescor et ...
12/2/2008Share Consolidation Approved
8/1/2008New Website / Nouveau site Web
2/27/2008and Azimut Outline 392 High-Priority Uranium Targets at Sout...
1/8/2008 Receive Additional Encouraging Uranium Assays from ...
8/8/2007 Partners with Shield Mining to Fast-Track Development of th...
7/5/2007to Receive 1 million Diamonds North Resources shares ...
5/31/2007 Prepares to Drill "Lac Mantouchiche" Uranium
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TSX-V (MJX.V)
0.070+0.00%
TSX-V
CA$ 0.070
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24hGold TrendPower© : 27
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