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. > Majority Shareholder Approval

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Comment by Nklogixon Jan 24, 2023 9:21am

93 Views

Post# 35241924

RE:RE:RE:RE:RE:RE:RE:RE:Majority Shareholder Approval

Please try to follow simple logic here...

Fan Zhong Kong 133,314,714 12.79%

All the other private placements 439,500,000. These are larger shareholders but do not cross the 10% threshold therefore can not be mentioned.

Add 133,314,714 to 439,500,000 we get 572,814,714, Lets assume over the years 50-60 million shares traded. MJS has VERY low volume so i doubt that number.

That's still 50% majority if that is what the management requires?

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