Majestic Announces Update to Normal Course Issuer Bid
MAJESTIC ANNOUNCES UPDATE TO NORMAL COURSE ISSUER BID
Vancouver, British Columbia – February 04, 202 2 - Majestic Gold Corp. (“Majestic” or the “Company”)
(TSX.V: MJS, FSE: MJT) announces that it purchased 700,000 common shares of the Company (“Common Shares”)
at an average purchase price of $0.066 during January 2022, pursuant to the Company’s previously announced normal
course issuer bid (“NCIB”). The Company intends to continue purchas ing its Common Shares under its NCIB and
will be updating the market on the progress on a monthly basis.
Majestic’s current NCIB commenced on June 3, 2021 and expires on June 2, 2022, to which a maximum of 52,386,319
Common Shares may be purchased, representing approximately 5% of the issued and outstanding Common Shares as
at the time of the commencement of the NCIB. To date, Majestic has purchased and cancelled an aggregat e of
5,062,000 common shares.
All Common Shares purchased under the NCIB are being purchased on the open market through the facilities of the
TSX-V as well as through other designated exchanges and alternative trading systems in Canada in accordance with
applicable regulatory requirements. All Common Shares purchased will be at the prevailing market price at the tim e
of purchase and will be subsequently cancelled.
About Majestic Gold
Currently focused solely in China, Majestic Gold Corp. is a British Columbia based company engaged in commercial
gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the
Company and its projects is available at www.sedar.com and on the Company’s website at www.majesticgold.com.
For further information, please contact:
Stephen Kenwood, P.Geo., President and CEO
Telephone: (604) 560-9060
Email: [email protected]
Website: www.majesticgold.com
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: [email protected]
FORWARD LOOKING INFORMATION
Cautionary Notes
Certain statements contained in this press release constitute forward-looking information. These statements relate to
future events or future performance. The use of the word, “will” and similar expressions and statements relating to
matters that are not h istorical facts are intended to identify forward -looking information and are based on the
Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may
differ materially.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections
set out in forward-looking information. Those assumptions and factors are based on information currently available
to the Company. The Company cautions the reader that the above list of risk factors is not exhaustive. Those
assumptions and factors are based on information currently available to the Company. The forward -looking
information contained in this release is made as of the date hereof and the Company is not obli gated to update or
revise any forward-looking information, whether as a result of new information, future events or otherwise, except as
required by applicable securities laws, or as otherwise may be disclosed in this news release. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue reliance on forward -looking
information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply
with this restriction may constitute a violation of U.S. securities laws.