Majestic Gold Corp. (MJGCF.PK)

The Egyptian word for gold is nub. The North African region, Nubia, got its name after this word. The region was a big gold supplier and thus the name. In the periodic table the symbol of the precious metal is Au and it comes from the Latin description.

We might come to think that because of the mining that has been done up to this day, the amount of gold above ground is astronomical. This is actually not so, in all of history only about 161.000 tons of gold were extracted. This amount cannot even be compared with the amount of aluminum produced only by the United States that is of 5.6 million tons in a single year.

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

Majestic Gold Corp. (MJGCF.PK) 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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