Majescor Resources to Acquire SIMACT Alliance Copper Gold Inc
ENP Newswire 2010, Jan 28
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Publisher Description
ENPNewswire-28 January 2010-Majescor Resources to acquire SIMACT Alliance Copper Gold Inc(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 27012010 - Montreal, QC - Majescor Resources Inc. (' Majescor ' or the ' Company') ( MJX: TSX-V) is pleased to report that it will exercise its option to acquire all of the remaining issued and outstanding common shares of SIMACT Alliance Copper Gold Inc. (' SACG') as per the Agreement executed on April 22, 2009 between all the parties involved (the ' Acquisition') (see Majescor's Press Release dated April 23, 2009). Majescor currently holds 10% of SACG's shares. SACG in turn 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.