Majestic Provides Status Update to Management Cease Trade Order
MAJESTIC PROVIDES STATUS UPDATE TO MANAGEMENT CEASE TRADE ORDER
Vancouver, British Columbia – July 14, 2020 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V:
MJS, FSE: A0BK1D) is providing this biweekly default status report in accordance with National Policy 12- 203
(Management Cease Trade Orders).
On June 11, 2020, the Company announced that it had made application to the British Columbia Securities
Commission ("BCSC"), under NP 12-203, requesting that a temporary management cease trade order ("MCTO") be
granted in respect of the anticipated late filing of the Company's annual audited financial statements, management's
discussion and analysis, and officers' certificates for th e year ended December 31, 2019 (the "Annual Filings"). The
MCTO was granted June 16, 2020.
There has been no material change to the information contained in the default announcement of June 11, 2020, that
has not been generally disclosed and there has been no failure by the Company in fulfilling its stated intentions with
respect to satisfying the provisions of the alternative information guidelines set out in National Policy 12- 203 -
Management Cease Trade Orders. The Company confirms that it will contin ue to satisfy the provisions of the
alternative information guidelines for so long as it is delayed in filing the Company’s Annual Filings.
The Company continues to work with its auditor to complete its Annual Filings, and updates its anticipated filing date
to July 20, 2020. The Company will then complete the filing of its unaudited interim financial statements and
management's discussion and analysis and officer’s certificates for the three months ended March 31, 2020, on or
before July 27, 2020.
While the MCTO remains in effect, Majestic's directors, officers and insiders cannot trade the Company's securities.
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
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 t he 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 obligated 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.