By Sheri Kasprzak
New York, March 17 - Majestic Gold Corp. said it has settled a C$1 million private placement.
The non-brokered deal included 2.5 million units of one share and one warrant.
Each warrant is exercisable at C$0.50 for two years.
Based in Vancouver, B.C., Majestic is a gold exploration company.
| Issuer: | Majestic Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1 million
|
| Units: | 2.5 million
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| Price: | C$0.40
|
| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.50
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| Placement agent: | Non-brokered
|
| Settlement date: | March 16
|
| Stock symbol: | TSX Venture: MJS
|
| Stock price: | C$0.65 at close March 16
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