Persistence Resources Group Ltd. has announced a private placement of new shares under a general mandate. The company has entered into a placing agreement with joint placing agents to issue up to 400,000,000 new shares at a price of HK$1.18 per share. The placement will be conducted on a best effort basis to at least six independent placees. The completion of the placement is subject to certain conditions, including the approval of the listing and permission to deal in the new shares on the Stock Exchange. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities, as the placement may or may not proceed. Further updates will be provided as appropriate.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Persistence Resources Group Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.