Business & Finance
Business and Finance
Business and Finance 
Mon, June 7, 2010
Sun, June 6, 2010
Sat, June 5, 2010
Fri, June 4, 2010
MONTREAL, QUÉBEC--(Marketwire - June 4, 2010) - Majescor Resources Inc. ("Majescor" or "the Company") (TSX VENTURE:MJX) announces that, subject to regulatory approval, the Company will extend for a one-year period the expiry date of 3,000,000 common share purchase warrants (the "Warrants") scheduled to expire on June 17, 2010.
The Warrants were issued pursuant to a private placement completed by the Company on June 17, 2009 for gross proceeds of $600,000. A total of 3,000,000 Warrants were issued as part of the private placement which remain outstanding and exercisable. Each Warrant entitles the holder thereof the right to purchase one common share of Majescor at a price of $0.30 and will expire on June 17, 2011.
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.)
On behalf of the Board of Directors of Majescor Resources Inc.:
| Daniel F. Hachey | Gary Economo |
| President, CEO and Director | Manager, Corporate Communications |
Forward-Looking Statements
This News Release includes certain "forward-looking statements" which reflect management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. This news release also contains forward-looking statements regarding the Company's use of proceeds from the Offering. 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.