Vancouver, British Columbia - Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) (“Majestic” or the “Company”) announces that Dusan Berka and Martin Wood have been appointed as two new independent directors.
Mr. Berka is a Chartered Engineer with over 30 years of experience as a director and senior executive in listed companies on the Toronto Stock Exchange, TSX Venture Exchange, NASDAQ and Deutsche Börse. He has extensive experience in corporate governance, regulatory compliance, publicly traded companies management, corporate finance and marketing. Mr. Berka is currently a director and chief executive officer of Megastar Development Corp., a TSX Venture Exchange listed company, as well as a director of four other TSX Venture Exchange listed companies. Mr. Berka has also been appointed as Chairman of the Board. He succeeds Mr. Gengshu Miao, who has been appointed Honorary Chairman of the Company.
Mr. Wood is the Managing Director of Vicarage Capital Ltd., a full service brokerage registered with the UK Financial Regulator, providing support to commodities companies in the areas of financial structuring and business development, debt and equity financing, asset valuation and M&A (mergers and acquisitions). In addition, Mr. Wood is a director of two other companies listed on the TSX Venture Exchange.
Messrs. Berka and Wood are also represented as independent members of various committees of the Company (Audit Committee, Compensation Committee, Corporate Governance Committee and Nominating Committee) and will attend the upcoming Annual General Meeting on 21. November 2013 proposed by the company management as board members.
As part of the annual general meeting (AGM), the shareholders will also vote on an amendment to the company's articles of association. This will involve the incorporation of advance notice clauses (“Advance Notice Provisions” and “Notice and Access Provisions”) and the approval of new statutes including these clauses. The planned changes are described in detail in the circular for the annual general meeting. You can find the circular in the company profile on the SEDAR website (www.sedar.com). In view of the proposed amendment to the Articles of Association at the Annual General Meeting, the Board has introduced a notice requirement to ensure a fair and transparent process for the Company's shareholders, directors and officers when appointing directors at the upcoming Annual General Meeting. In this context, it is envisaged that all shareholders who wish to propose a person for election as director at the annual general meeting must announce their candidates by November 4, 2013 at the latest. It also specifies what information such a shareholder must provide when proposing a candidate in order for the latter to be eligible for election as director at the meeting. This procedure will only remain in effect until the end of the annual general meeting. If the advance notice clauses are approved at the meeting, there will be a corresponding change in the statutes and the obligation to give advance notice will then apply to all future nominations. If the advance notice clauses are not approved at the meeting, the company will not be subject to any subsequent notice. A copy of the regulations is available under the company profile on SEDAR.
About Majestic Gold
Majestic Gold Corp. is a Vancouver, British Columbia-based gold mining company located in Song Jiagou Gold Mine near the Chinese city of Yantai. Further projects to increase the enterprise value are in planning. More information about the company and its project can be found at www.sedar.com and on the company's website at www.majesticgold.net.
For the Board of Directors:
MAJESTIC GOLD CORP.
Signature: "Rod Husband"
Rod Husband, P.Geo
President and CEO
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
You can also reach us via email at ppgad@pucrs.br or through our website at www.majesticgold.net.
Precautionary note
The TSX Venture Exchange and its regulators (referred to in the Articles of Association of the TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this announcement.
This press release may contain forward-looking statements and includes, but is not limited to, statements regarding the timing and content of future work programs, geological interpretations, the acquisition of fundamental rights, potential methods of extracting raw materials, etc. Forward-looking statements speak future events and circumstances and are therefore typically subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements.
Certain statements in this press release may be forward-looking statements that have been made in accordance with the Safe Harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements that relate to future events. Such statements include, but are not limited to, estimates, projections, and statements of management expectations, including future business performance, financial performance, various calculations and estimates, future trends, plans, strategies, goals, and expectations. This includes production, exploration drilling, reserves and resources, production activities and future events or future operations.
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