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(TheNewswire)
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Vancouver, British Columbia TheNewswire – October 14, 2025 – Majestic Gold Corp. (“Majestic” or the “Firm”) (TSX.V: MJS, FSE: A0BK1D) ) is happy to announce that its Hong Kong Inventory Change (“HKEX”) listed subsidiary, Persistence Sources Group Ltd. (“Persistence”) (Inventory Code: 2489), has accomplished a personal placement financing (the “Non-public Placement”) for gross proceeds of $472 million (roughly CAD$85.2 million)(“Placement”).
Pursuant to the Placement, Persistence issued 400 million frequent shares (the “Shares”) at a worth of HK$1.18 per Share (roughly CAD$0.213 per Share) on the HKEX. The Share worth of HK$1.18 represents a reduction of roughly 19.2% to the closing worth of HK$1.46 per Share (roughly CAD$0.262 per Share) as quoted on the HKEX on the date of the putting settlement; and a reduction of roughly 18.5% to the typical closing worth of roughly HK$1.448 per Share (roughly CAD$0.259 per Share) as quoted on the HKEX for the final 5 consecutive buying and selling days previous to the date of the putting settlement.
In reference to the non-public placement, Persistence pays mixture putting brokers’ commissions of HK$5,244,719 (roughly CAD$946,975), representing 1.1% of the gross proceeds. The commissions might be paid to Huafu Worldwide Securities Restricted, Forthright Securities Firm, and First Shanghai Securities Restricted as putting brokers.
The Shares characterize roughly 20.0% of the overall issued and excellent shares of Persistence as of the date of this announcement and roughly 16.7% of the enlarged complete variety of issued shares upon completion of the Placement.
Persistence intends to make use of the estimated internet proceeds of the Placement primarily for (i) potential gold mine challenge acquisitions; (ii) acceleration of its enterprise enlargement; and (iii) common working capital and different common company functions.
About Majestic Gold
Majestic Gold Corp., a British Columbia primarily based firm, is a low-cost junior gold producer engaged in industrial gold manufacturing on the Songjiagou Gold Mine in jap Shandong Province, China. Extra data on the Firm and its initiatives is out there at www.sedarplus.ca and on the Firm’s web site at www.majesticgold.com .
For additional data, please contact:
James Mackie, CFO and Company Secretary
Phone: (604) 560-9060
E mail: data@majesticgold.com
Web site: www.majesticgold.com
Cautionary Notes
Sure statements contained herein could represent ahead‐wanting statements and are made pursuant to the “secure harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995 and Canadian securities legal guidelines. Ahead‐wanting statements are statements which relate to future occasions. Such statements embrace estimates, forecasts, and statements as to administration’s expectations with respect to, amongst different issues, enterprise and monetary prospects, monetary multiples and accretion estimates, future tendencies, plans, methods, aims, and expectations, together with with respect to manufacturing, exploration drilling, reserves and sources, exploitation actions and occasions or future operations. Info inferred from the interpretation of drilling outcomes and data regarding mineral useful resource estimates can also be deemed to be forward-looking statements, because it constitutes a prediction of what is likely to be discovered to be current when, and if, a challenge is definitely developed.
In some instances, you may establish ahead‐wanting statements by terminology reminiscent of “could”, “ought to”, “expects”, “plans, “anticipates”, believes”, “estimates”, “predicts”, “potential”, or “proceed” or the adverse of those phrases or different comparable terminology. These statements are solely predictions and contain identified and unknown dangers, uncertainties and different components that will trigger our or our trade’s precise outcomes, stage of exercise, efficiency, or achievements to be materially totally different from any future outcomes, ranges of exercise, efficiency, or achievements expressed or implied by these ahead‐wanting statements.
Whereas these ahead‐wanting statements, and any assumptions upon which they’re primarily based, are made in good religion, and replicate our present judgment relating to the route of our enterprise, precise outcomes will nearly all the time fluctuate, typically materially, from any estimates, predictions, projections, assumptions, or different future efficiency options herein. Besides as required by relevant regulation, Majestic Gold doesn’t intend to replace any ahead‐wanting statements to evolve these statements to precise outcomes
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