Majescor Resources Inc

Published : February 12th, 2015

February 12, 2015 TERMINATION OF PROPOSED TRANSACTION WITH ADVANTAGEWON Read more...

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Brazil | Canada | Copper | Diamond | Gold | Haiti | Oil |

February 12, 2015 TERMINATION OF PROPOSED TRANSACTION WITH ADVANTAGEWON Read more...

TERMINATION OF PROPOSED TRANSACTION WITH ADVANTAGEWON

Thursday, February 12, 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, February 12, 2015 - Majescor Resources Inc. ("Majescor" or the "Corporation") (TSX-V: MJX) announces that further to its news release dated January 23, 2015, Majescor and Advantagewon Oil Corp. have mutually agreed to terminate the previously announced proposed transaction between the two companies. The proposed transaction was initially announced on November 27, 2014.

The Company is continuing to search for new business development opportunities.

The Company anticipates that the common shares of Majescor will resume trading on the TSX Venture Exchange on February 13, 2015 at the opening of markets.

About Majescor Resources Inc.

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.

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

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 resumption of the trading of Majescor shares on the TSX Venture Exchange. 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.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Brazil | Canada | Haiti | All
Gold and Silver Prices for these countries : Brazil | Canada | Haiti | All

Majescor Resources Inc

EXPLORATION STAGE
CODE : MJX.V
ISIN : CA7609603021
CUSIP : 760960104
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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 23, 2015 MAJESCOR ACQUIRES 172 CLAIMS USING DIAGNO...
9/24/2015September 22, 2015 Majescor Announces Share Purchase Warrant...
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MJX.V)
0.070+0.00%
TSX-V
CA$ 0.070
07/31 11:42 -
0%
Prev close Open
0.070 0.070
Low High
0.070 0.070
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.070 -%
Volume 1 month var.
40,000 -%
24hGold TrendPower© : 27
Produces
Develops
Explores for Copper - Diamonds - Gold - Ilmenite - Lead - Nickel - Silver - Uranium - Zinc - Zircon
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+1.84%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 4.17+8.31%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.33%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.44+1.67%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.00-1.96%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.27+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32+3.28%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.38-2.06%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 72.24+1.92%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :