Persistence Resources Group Ltd. has announced the completion of a private placement of 400 million new shares under its general mandate. The shares were placed at a price of HK$1.18 each, representing approximately 16.7% of the company's total issued shares. The placement was conducted through joint placing agents to at least six independent third-party investors, none of whom became substantial shareholders as a result of the transaction. All conditions of the placing agreement were fulfilled, and the placement is now complete.
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