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.

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Post by Value2020on Dec 28, 2023 8:39pm

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MAJESTIC GOLD CORP. ("MJS")

BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: December 28, 2023
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to the arm's length disposition of the Company's 25% interest in Persistence Resources Group Ltd ("Persistence"), the Company's 94%-owned subsidiary, by way of listing Persistence's shares on The Stock Exchange of Hong Kong Limited pursuant to Persistence Global Offering Prospectus dated December 14, 2023 (the "Prospectus") The Company will receive C$47.2-million pursuant to the terms of the Prospectus.