Majestic Gold Corp. Closes Private Placement
Majestic Gold Corp. Closes Private Placement
Vancouver, British Columbia – June 30, 2026 – Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) (the “Company”)
is pleased to announce that it has closed its previously announced non-brokered private placement (the “ Private
Placement”) for aggregate gross proceeds of C$49,234,099.98 through the issuance of 378,723,846 common shares
of the Company (the “Common Shares”) at a price of C$0.13 per Common Share.
The Company intends to use the proceeds of the Private Placement for strategic equity investments, acquisitions and
joint venture opportunities outside of China; technical studies, due diligence, project evaluations and property
investigations associated with potential transactions; advancement of development opportunities and potential project
funding commitments; and working capital, corporate development activities and general corporate purposes.
No finders’ fees or commissions were paid in connection with the Private Placement. The Common Shares issued
under the Private Placement are subject to a hold period of four months and one day from the date of issuance in
accordance with applicable securities laws. The Private Placement is subject to receipt of final acceptance of the TSX
Venture Exchange.
About Majestic Gold Corp.
Majestic Gold Corp. is a low -cost junior gold producer engaged in commercial gold production in eastern Shandong
Province, China, with mining operations at its Songjiagou Gold Mines and the Mujin Gold Project. Additional information
on the Company and its projects is available at www.sedarplus.ca and on the Company's website at
www.majesticgold.com.
For further information, please contact:
James Mackie, Chief Financial Officer & Corporate Secretary
Telephone: (604) 560-9060
Email: [email protected]
Website: www.majesticgold.com
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of
applicable securities legislation, including statements regarding the intended use of proceeds of the Private Placement
and the receipt of final acceptance from the TSX Venture Exchange . Forward-looking statements are based on
management's expectations and assumptions as of the date hereof and are subject to risks and uncertainties that may
cause actual results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company undertakes no obligation to update such statements except as required by
applicable law.
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 news release.