MAJESTIC GOLD CORP (MJGCF.PK)

The space age has brought new demand for gold to sort out the intense solar radiation that exists outside the earth's environment. Thin layers of gold on astronaut's visors protect eyes from both ultraviolet and infrared solar radiation. Gold coatings on spacecraft also help keep temperatures low inside the vehicle. Gold's opposition to corrosion in space leads to its use in coating bearings, thereby overcoming serious mechanical problems that plagued some early satellites having exposed moving parts.

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.


Read full article and disclaimer at : http://doubleinstocks.com/?p=19035