Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

Majestic Gold Corp. is a Canada-based mining company. The Company is engaged in mineral resource exploration, development and extraction. The Company’s Songjiagou Gold Mine covers approximately 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 km north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 km North of Kalgoorlie and 700 km northeast of Perth, in the Goldfields region. E63/2110 (Kumarl) tenement has been granted and is comprised of 10 blocks located 250 km south of Kalgoorlie.

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Majestic Gold Corp. > IPO Price

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Comment by richard45161on Dec 15, 2023 12:12pm

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Post# 35786887

RE:IPO Price

For the source please check the brochure:https://en.persistenceresource.com/upload/Pdb3fe52a25a74174ab7d1ac6c0b208ba.pdf

pdf. page 159-160

The gold producing (underground and surface) mine 100%

following ownership:

Dahedong 25%

PRG 75%

Profits are split here for the first time: 25% Dahedong and 75% PRG

PRG is the gold producing company 100%

following ownership:

Richards 4.5%

New shareholders in HKEX 25%

MJS 70.5%

Profits are split once again here: Richards 4.5%, New shareholders in HKEX 25%, MJS 70.5%. (the 70.5% MJS share in PRG corresponds to a 51% share in the mine asset, i.e. MJS can decide what happens to the mine).

Regards

Richard