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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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.


TSXV:MJS - Post by User

Comment by TOCKY8008on Dec 15, 2023 7:19pm
63 Views
Post# 35787751

RE:PRG will have in excess of 1,5 billion shares after IPO

RE:PRG will have in excess of 1,5 billion shares after IPO
Nozzpack,

I think you made a error.

Prior to IPO, PRG had 1.5 billion shares according to the latest Press release.

" ...he initial public offering (the "IPO") of newly issued Shares of Persistence representing 25% of its total issued and paid-up Shares upon successful listing of the Shares. ....

... Persistence plans to offer a total of 500,000,000 Shares (subject to the over-allotment option),

500,000,000     Shares =  25%
2,000,000,000  Shares  = 100%

Also, where did you get 100 million "incentives options" ?

The Over-allotment option  is 75 millions shares maximum.

https://en.persistenceresource.com/upload/P2804dcaad0274d08be1aba22374a84ce.pdf

TOCKY8008
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