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.

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Majestic Gold Corp. > Company structure after IPO

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Comment by nozzpackon May 11, 2023 5:06am

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Post# 35442462

RE:RE:RE:RE:RE:RE:RE:RE:Company structure after IPO

Chinese citizens are now allowed to invest in foreign securities like MJS via the HKEX.

https://www.bloomberg.com/news/articles/2022-12-19/china-to-allow-investors-trade-foreign-firms-via-hk-stock-links#xj4y7vzkg

If the official (MJS press release ) version of the HKEX IPO that Persistence will raise $80 million US at 4 cad cents per share remains unchanged, Majestic will own 70% of Persistence 's 12.5 billion shares valued at $500 million which is $350 million.( $34 Cents CAD )

Meanwhile anyone in China can buy MJS shares on the TSX for $0.10 per share.

They will of course buy MJS shares as a very cheap way to buy Persistence shares.

So, a situation that will forestall trading in Persistence IPO shares until parity is reached.

Conclusion

MJS shares will rise quickly to parity with Persistence shares once the IPO and its 4 cents IPO price
becomes officially announced.