(TheNewswire)
Vancouver, British Columbia– TheNewswire - April 24, 2023 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSXV:MJS ) , ( FSE:A0BK1D) will release its 2022fourth quarter and annual results on Friday April 28, 2023, aftermarkets close.
The Company would like to provide a further update onthe application for listing of shares of the Company’s subsidiary,Persistence Resources Group Ltd (“PRG”) on the Main Board of theStock Exchange of Hong Kong Limited (the “HKEX”). As at the dateof this news release, PRG, together with its sponsor and legaladvisors are still in the process of replying to enquires from theHKEX and the Securities and Future Commission of Hong Kong (the“SFC”). Due to the time required in replying to such queries,PRG’s initial listing application has lapsed and the Company expectsto file a renewal application during May 2023.
The Company would also like to address that the HKEXand SFC have strict listing and regulatory requirements that companiesmust meet to be approved for listing. These requirements includefinancial reporting standards, corporate governance practices, andother compliance-related matters. The due diligence process isextensive and thorough, and delays and rejections are not uncommon.The Company will continue to provide updates to its investors andother interested parties as more information becomes available.
About Majestic Gold
Currently focused inChina, Majestic Gold Corp. is a British Columbia based company engagedin commercial gold production at the Songjiagou Gold Mine in easternShandong Province, China. Additional information on the Company andits 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
Cautionary Notes
Certain statements contained hereinmay constitute forward?looking statements and are made pursuant tothe "safe harbor" provisions of the United States PrivateSecurities Litigation Reform Act of 1995 and Canadian securities laws.Forward?looking statements are statements which relate to futureevents. Such statements include estimates, forecasts and statements asto management's expectations with respect to, among other things,business and financial prospects, financial multiples and accretionestimates, future trends, plans, strategies, objectives andexpectations, including with respect to production, explorationdrilling, reserves and resources, exploitation activities and eventsor future operations. Information inferred from the interpretation ofdrilling results and information concerning mineral resource estimatesmay also be deemed to be forward-looking statements, as it constitutesa prediction of what might be found to be present when, and if, aproject is actually developed.
In some cases, you can identifyforward?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. Thesestatements are only predictions and involve known and unknown risks,uncertainties and other factors that may cause our or our industry'sactual results, level of activity, performance or achievements to bematerially different from any future results, levels of activity,performance, or achievements expressed or implied by theseforward?looking statements.
While these forward?lookingstatements, and any assumptions upon which they are based, are made ingood faith and reflect our current judgment regarding the direction ofour business, actual results will almost always vary, sometimesmaterially, from any estimates, predictions, projections, assumptionsor other future performance suggestions herein. Except as required byapplicable law, Majestic Gold does not intend to update anyforward?looking statements to conform these statements to actualresults .
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