Majescor arranges financing

Junior Majescor Resources (MAJ-M) is looking to raise $2 million to explore for diamonds in northern Quebec.

Dundee Securities is acting as lead agent of a syndicate, which includes Haywood Securities, for the sale of up to 3.3 million flow-through units priced at 60 apiece. Each unit will consist of one flow-through share and a half-warrant. One whole warrant will entitle the owner to buy one common share at 78 for 18 months.