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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Metals & Mining Gold
Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 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 kms 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 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.


TSXV:MJS - Post by User

Majestic Gold Corp. > IPO Sinogold, AGM 2022, Timeframe, Valuation, Dividend,
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Comment by richard45161on Jun 08, 2022 2:16pm
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Post# 34741096

RE:IPO Sinogold, AGM 2022, Timeframe, Valuation, Dividend,

RE:IPO Sinogold, AGM 2022, Timeframe, Valuation, Dividend, cant attach a picture :(

if interessed, please check:

- Management Information Circular
www.majesticgold.com/site/assets/files/...n_circular_2021.pdf 

Page 5 and 6:

As can be seen, only "Fan Zhong Kong" is a major shareholder with around 13% of the outstanding shares. At that time there was no other investor with =/> 5% shares. That means: 87% of the shares are in free float. In order to make 51% of the shares for a decision (IPO Sinogold/dividend), at least 37% of free float shares must agree in addition to "Fan Zhong Kong".


Page 18
It would be interesting if the number of management shares has increased in the AGM 2022 documents.
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