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Re: News Releases - Tuesday, January 26, 2010
Majestic Gold Announces Resignation of Director and Establishes
Board Committees
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Vancouver, British Columbia, January 26, 2010 -- Majestic Gold Corp.
(TSX.V: MJS) announces that Alexander Korelin resigned from its board
of directors on January 25, 2010, with immediate effect.
The board has four members following his resignation: Rod Husband,
Shaohui Chen, Daniel Pisenti, and Rudy Brauer.
Al Korelin stepped down as director after assisting the Company in
seeking out well-qualified directors with years of experience in
financing and mining.
Rod Husband, President and CEO stated, "We appreciate the service
rendered by Al over the past years and his desire for the success of
the Company."
The new board has appointed an Audit Committee for the ensuing year,
consisting of Daniel Pisenti as Chair, Rudy Brauer, and Rod Husband.
The board also established a Compensation Committee, a Corporate
Governance Committee, and a Nomination Committee.
Majestic Gold Corp. is an advanced stage gold exploration company with
two projects in China. The Company currently is focused on its gold
project (which contains 1.2 million ounces in a 43-101 compliant
resource) located in the prolific gold region of Song Jiagou in eastern
Shandong Province. This project has had resource estimates prepared
and an exploration program is well underway as the Company works to
rapidly advance this project toward production.
On Behalf of the Board of Directors
MAJESTIC GOLD CORP.
Signed "Rod Husband"
Rod Husband, P.Geo.
President and CEO
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@majesticgold.net or visit our Website: www.majesticgold.net
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.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
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Copyright (c) 2010 MAJESTIC GOLD CORP. (MJS) All rights reserved. For
more information visit our website at http://www.majesticgold.net/ or
send mailto:info@majesticgold.net
Message sent on Tue Jan 26, 2010 at 3:33:39 PM Pacific Time
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Majestic Gold Corp.
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EN DÉVELOPPEMENT |
CODE : MJS.V |
ISIN : CA5609121077 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Majestic Gold est une société d’exploration minière d'or basée au Canada. Majestic Gold détient divers projets d'exploration en Chine. Son principal projet en développement est SONG JIAGOU en Chine et son principal projet en exploration est SAWAYAERDUN en Chine. Majestic Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 73,0 millions CA$ (53,7 millions US$, 48,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 14 mars 1997 à 2,00 CA$, et son plus bas niveau récent le 04 septembre 2009 à 0,02 CA$. Majestic Gold possède 912 270 016 actions en circulation. |