(TheNewswire)
Vancouver, British Columbia - TheNewswire – September 10, 2021 -Majestic Gold Corp. (“Majestic” or the“Company”) (TSXV:MJS ) ( FSE:MJT) announces that it purchased559,000 common shares of the Company (“Common Shares”) at anaverage purchase price of $0.06 during August 2021, pursuant to theCompany’s previously announced normal course issuer bid(“NCIB”). The Company intends to continuepurchasing its Common Shares under its NCIB and will be updating themarket on the progress on a monthly basis.
Majestic’s current NCIB commenced on June 3, 2021 andexpires on June 2, 2022, to which a maximum of 52,386,319 CommonShares may be purchased, representing approximately 5% of the issuedand outstanding Common Shares as at the time of the commencement ofthe NCIB. To date, Majestic has purchased an aggregate of 1,059,000common 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 otherdesignated exchanges and alternative trading systems in Canada inaccordance with applicable regulatory requirements. All Common Sharespurchased will be at the prevailing market priceat the time of purchase and will be subsequently cancelled.
About Majestic Gold
Currently focused solelyin China, Majestic Gold Corp. is a British Columbia based companyengaged in commercial gold production at the Songjiagou Gold Mine ineastern Shandong Province, China. Additional information on theCompany and its projects is available at www.sedar.com and on theCompany’s website at www.majesticgold.com .
For further information, pleasecontact:
Stephen Kenwood, P.Geo. , President and CEO
Telephone: (604) 560-9060
Email: info@majesticgold.com
Website: www.majesticgold.com
FORWARD LOOKING INFORMATION
Cautionary Notes
Certain statements contained in thispress release constitute forward-looking information. These statementsrelate to future events or future performance. The use of the word,“will” and similar expressions and statements relating to mattersthat are not 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. Actualfuture results may differ materially.
Various assumptions or factors aretypically applied in drawing conclusions or making the forecasts orprojections set out in forward-looking information. Those assumptionsand factors are based on information currently available to theCompany. The Company cautions the reader that the above list of riskfactors is not exhaustive.Those assumptions and factors are based on information currentlyavailable to the Company. The forward-looking information contained inthis release is made as of the date hereof and the Company is notobligated to update or revise any forward-looking information, whetheras a result 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.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Not for distribution to U.S. NewswireServices or for dissemination in the United States. Any failure tocomply with this restriction may constitute a violation of U.S.securities laws.
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