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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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

Comment by TOCKY8008on Nov 25, 2024 2:33pm
81 Views
Post# 36329636

RE:Majestic gold's Acquisition

RE:Majestic gold's AcquisitionNot mentionned in this NR :

"The Target Company is a company incorporated in the PRC with limited liability. It is
principally engaged in gold mining and processing, emergency rescue for mine accidents,
preventive safety inspection, property leasing and investment with its own fund. The Target
Company owns mining licenses of three gold mines located in Yantai city of the Shandong
Province in the PRC, namely the DGZ Mine, the HH Mine and the CH Mine."

"In January 2022, the Target Company was wholly acquired by Shandong Zhongjia. On 27
October 2022, the Target Company was owned as to 70.000% by Shandong Zhongjia and
30.000% by Zhaoyuan Gold. From 23 November 2022 to the date of this announcement, the
Target Company is owned as to 70.000% by Yihui Investment and 30.000% by Zhaoyuan
Gold."

From what I understand , based on the Muping gold project SRK analysis.
Yantai Mujin Mining Co., Ltd. is the target CIE.
It's the CIE that sold the current Songjiagou gold mine to MJS 20 years ago.

TOCKY8008

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