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Majestic Gold Corp. (OTCPK:MJGCF)
Gold used in jewellery is usually alloyed (mixed) with other metals to strengthen and harden it, as well as change its color. White gold is an alternative to platinum (white gold uses a lower heat and same tools as yellow gold). When white gold is alloyed, it is not exactly white so rhodium plating has to be applied to give it a shiny, white finish.
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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