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Majestic Gold Corp. (OTCPK:MJGCF)
The unique chemical and physical properties offered by gold are increasingly being sought for use in a growing number of industrial applications. These include uses within the fields of different technology and electronics for products such as smart-cards, automotive electronics, sensors, and drug delivery systems.
Majestic Gold Corp. (OTCPK:MJGCF) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
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