(TheNewswire)
Vancouver, British Columbia – TheNewswire – December 6, 2022 - MajesticGold Corp. (“Majestic” or the “Company”)(TSX.V: MJS, FSE: A0BK1D) is pleased to announce that the management nominees listed inthe Information Circular for the 2022 Annual General Meeting ofShareholders (the “AGM”) held on December 5,2022 were elected as Directors of the Company.The shareholders re-elected Stephen Kenwood,Grant Chen, and John Campbell for the upcomingyear .
Other resolutions submitted by management toshareholders for consideration were approved as presented, includingthe approval of the Company’s Stock Option Plan as summarized in theInformation Circular (99.71% For; 0.29% Against). Approval of there-appointment of Dale Matheson Carr-Hilton Labonte LLP, CharteredProfessional Accountants, as auditors for the ensuing year, andauthorized the Directors to fix their remuneration (100.00%For).
At the AGM, the Company provideda further update on the status of the application for listing of shares of the Company’s subsidiary,Persistence Resources Group Ltd. on the Main Board of The StockExchange of Hong Kong Limited (the " HKEX") which was initiallyannounced by the Company’s March 30, 2022 news release. The Companyconfirms it is still working through the listing application processand is responding to queries from the HKEX and Securities and FuturesCommission.
Following the AGM, the Board of Directors re-appointed Stephen Kenwood as President & ChiefExecutive Office, and James Mackie as Chief Financial Officer &Corporate Secretary.
About Majestic Gold Corp.
Majestic Gold Corp. is a British Columbia based companyengaged in mineral resource exploration, development and extraction.Additional information on the Company and its projects is availableunder the Company's profile at www.sedar.com and on the Company'swebsite at www.majesticgold.com.
For further information, please contact:
James Mackie, Chief Financial Officer & CorporateSecretary
Telephone: (604) 560-9060
Email: info@majesticgold.com
FORWARD LOOKING INFORMATION
Certain statements contained in this press releaseconstitute forward-looking information. These statements relate tofuture events or future performance. The use of the word, “will”and similar expressions and statements relating to matters that arenot historical facts are intended to identify forward-lookinginformation and are based on the Company’s current belief orassumptions as to the outcome and timing of such future events, suchas completion of the IPO. Actual future results may differmaterially.
Various assumptions or factors are typically applied indrawing conclusions or making the forecasts or projections set out inforward-looking information, including references to the IPO, theability to successfully complete the IPO, and the disclosure in theProspectus. Those assumptions and factors are based on informationcurrently available to the Company. The Company cautions the readersthat the above list of risk factors is not exhaustive. Thoseassumptions and factors are based on information currently availableto the Company. The forward-looking information contained in thisrelease is made as of the date hereof and the Company is not obligatedto update or revise any forward-looking information, whether as aresult of new information, future events or otherwise, except asrequired by applicable securities laws, or as otherwise may bedisclosed in this news release. Because of the risks, uncertaintiesand assumptions contained herein, investors should not place unduereliance on forward-looking information. The foregoing statementsexpressly qualify any forward-looking information containedherein.
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