MAJESTIC GOLD CORP. ("MJS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 20, 2012:
Number of Shares: 197,500,000 shares
Purchase Price: $0.18 per share
Warrants: 197,500,000 share purchase warrants to purchase 197,500,000 shares
Warrant Exercise Price: $0.20 for a two year period
Number of Placees: 10 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Fan Zhong Kong Y 17,555,555
Finder's Fee: $1,125,000 cash and 6,250,000 units (comprised of one share and one warrant exercisable at $0.20 for two years) payable to Guardsmart Limited (Justin Kwei).
18,750,000 units (comprised of one share and one warrant exercisable at $0.20 for two years) payable to Wave Capital Investment Ltd. (Emily Kong).
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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