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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2013) - Majestic Gold Corp. (TSX VENTURE:MJS) ("Majestic" or the "Company") is pleased to announce completion of the exchange provided for in the agreement (the "Exchange Agreement") with Yantai Dahedong Processing Co. Ltd. ("Dahedong") announced on June 27, 2013. As a result, Dahedong now holds a 25% equity stake in the Company's Chinese subsidiary, Yantai Zhongjia Mining Co. Ltd. ("Zhongjia"), in place of the 25% net profits interest granted to it in 2010. |
