Mount Everest Gold Group Company Limited (Stock Code: 1815) announced the partial completion of subscriptions for new shares under general mandate. According to the announcement, partial consideration of HK$43,148,000 under Subscription Agreement D, residual consideration of HK$35,259,000 under Subscription Agreement E, and partial consideration of HK$48,783,000 under Subscription Agreement F have been received.

The newly issued shares total 79,000,000, involving 26,800,000 shares from Subscription Agreement D, 21,900,000 shares from Subscription Agreement E, and 30,300,000 shares from Subscription Agreement F. These shares represent approximately 6.27% of the existing issued share capital prior to completion and about 5.90% of the enlarged share capital. The subscription price is HK$1.61 per Share, generating net proceeds of approximately HK$127,040,000.

Following the issue, the total share capital increased from 1,259,575,040 shares to 1,338,575,040 shares. China Silver remains the largest shareholder with 500,000,033 shares. Completion of the remaining subscription of an aggregate of 146,800,000 shares is expected to occur in accordance with the respective Subscription Agreements. The announcement advises shareholders and potential investors to exercise caution as the remaining subscriptions may or may not proceed.