Majestic Provides Corporate Update
MAJESTIC PROVIDES CORPORATE UPDATE
Vancouver, British Columbia – October 25, 2023 - Majestic Gold Corp. (“Majestic” or the “Company”)
(TSX.V: MJS, FSE: A0BK1D) is pleased to announce the completion of the China Securities Regulatory
Commission (“CSRC”) filing for overseas listing on October 20, 2023.
On February 17, 2023, the CSRC promulgated the Trial Administrative Measures of the Overseas Securities
Offering and Listing by Domestic Companies and the Notice on the Administrative Filing Arrangement
Concerning Overseas Offering and Listing by Domestic Companies (collectively, the ‘‘Overseas Listing
Trial Measures’’) and five supporting guidelines, which require indirect overseas offering and listing by PRC
domestic companies to be subject to the CSRC’s filing requirement starting from March 31, 2023. According
to the Overseas Listing Trial Measures, a PRC domestic company seeking an offering and listing of securities
in an overseas market, either directly or indirectly as defined in the Overseas Listing Measures, shall file
with the CSRC and report relevant information.
As advised by our PRC Legal Adviser, the Company’s subsidiary, Persistence Resources Group Ltd (“PRG”),
the ultimate holding company of Yantai Zhongjia Mining Co., Ltd, (a PRC domestic company), is subject
to the CSRC filing requirement as its current application for listing of the shares of PRG on the Main Board
of the Stock Exchange of Hong Kong Limited (“HKEX”) constitutes an indirect overseas offering and
listing by a domestic company under the Overseas Listing Trial Measures. Accordingly, PRG filed an
application with the CSRC in May 2023 and on October 20, 2023, the CSRC publicly informed PRG that
they have confirmed PRG ’s overseas offering and listing information submitted. Therefore, PRG has
completed the necessary CSRC filing for application of listing of shares of PRG on the HKEX and no further
approvals are required from the CSRC.
As at the date of this news release, PRG, together with its sponsor and legal advisors, are awaiting for further
feedbacks from the HKEX with regards to its application for listing of shares of PRG on the Main Board of
the HKEX.
About Majestic Gold
Currently focused 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 , with
exploration properties located in Australia, China, and Canada. 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]
Cautionary Notes
Certain statements contained herein may constitute forward‐looking statements and are made pursuant to the "safe
harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws.
Forward‐looking statements are statements which relate to future events. Such statements include estimates, forecasts,
and statements as to management's expectations with respect to, among other things, business and financial prospects,
financial multiples and accretion estimates, future trends, plans, strategies, objectives, and expectations, including
with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future
operations. Information inferred from the interpretation of drilling results and information concerning mine ral
resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might
be found to be present when, and if, a project is actually developed.
In some cases, you can identify forward‐looking statements by terminology such as "may", "should", "expects", "plans,
"anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other
comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties
and other factors that may cause our or our industry's actual results, level of activity, performance, or achievements
to be materially different from any future results, levels of activity, performance, or achievements expressed or implied
by these forward‐looking statements.
While these forward‐looking statements, and any assumptions upon which they are based, are made in good faith, and
reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein.
Except as required by applicable law, Majestic Gold does not intend to update any forward‐looking statements to
conform these statements to actual results.