On October 31, 2014, Majescor Resources Inc. (Majescor) (TSXV: MJX) announced that it had entered into a non-binding letter of intent with Advantagewon Oil Corp. (Advantagewon) for a business combination between the two companies. The proposed transaction will constitute a reverse take-over of Majescor under the policies of the TSX Venture Exchange and is intended to list Advantagewon on the TSXV as a Tier 1, oil and gas issuer.
Majescor is a TSX-V listed mining company. Advantagewon is a widely-held, privately-owned, Toronto-based, oil and gas company with a focus on development opportunities in Texas.
Fasken Martineau is counsel to Majescor with respect to this proposed transaction with a team that includes Michael Boehm and Sarah Gingrich.