Majestic Gold Corp. Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions

Reuters

Sep 26

<a href="https://laohu8.com/S/MJGCF">Majestic Gold Corp.</a> Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions

Majestic Gold Corp.'s subsidiary, Persistence Resources Group Ltd., has announced a private placement financing on the Hong Kong Stock Exchange to raise up to HK$472 million. The placement involves issuing up to 400 million common shares at HK$1.18 per share, representing a discount to recent market prices. Upon completion, Majestic's ownership in Persistence will decrease from 70.5% to approximately 58.8%. Persistence plans to use the proceeds for potential gold mine project acquisitions, business expansion, and general working capital.

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. Majestic Gold Corp. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1kogF7nwn) on September 26, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MJGCF\">Majestic Gold Corp.</a> Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Majestic <a href=\"https://laohu8.com/S/GDCWF\">Gold Corp.</a>'s subsidiary, Persistence Resources Group Ltd., has announced a private placement financing on the Hong Kong Stock Exchange to raise up to HK$472 million. The placement involves issuing up to 400 million common shares at HK$1.18 per share, representing a discount to recent market prices. Upon completion, Majestic's ownership in Persistence will decrease from 70.5% to approximately 58.8%. Persistence plans to use the proceeds for potential gold mine project acquisitions, business expansion, and general working capital.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Majestic Gold Corp. published the original content used to generate this news brief via TheNewswire (Ref. 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Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-26 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MJGCF\">Majestic Gold Corp.</a> Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Majestic <a href=\"https://laohu8.com/S/GDCWF\">Gold Corp.</a>'s subsidiary, Persistence Resources Group Ltd., has announced a private placement financing on the Hong Kong Stock Exchange to raise up to HK$472 million. The placement involves issuing up to 400 million common shares at HK$1.18 per share, representing a discount to recent market prices. Upon completion, Majestic's ownership in Persistence will decrease from 70.5% to approximately 58.8%. Persistence plans to use the proceeds for potential gold mine project acquisitions, business expansion, and general working capital.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Majestic Gold Corp. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1kogF7nwn) on September 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1198","symbol_name":"黄金","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250926:nNDL6dB8jJ:1","article_id":"2570023386","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570023386","pubTimestamp":1758844820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Majestic Gold Corp. Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions. Majestic Gold Corp.'s subsidiary, Persistence Resources Group Ltd., has announced a private placement financing on the Hong Kong Stock Exchange to raise up to HK$472 million. The placement involves issuing up to 400 million common shares at HK$1.18 per share, representing a discount to recent market prices. Upon completion, Majestic's ownership in Persistence will decrease from 70.5% to approximately 58.8%. Persistence plans to use the proceeds for potential gold mine project acquisitions, business expansion, and general working capital.Disclaimer: This news brief was created by Public Technologies  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. Majestic Gold Cor","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1198":"黄金","02489":"集海资源"},"translate_title":"Majestic Gold Corp.子公司Persistence在香港交易所私募中获得4.72亿港元用于扩张和黄金项目收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02489":0.9},"content_text":"Majestic Gold Corp. Subsidiary Persistence Secures HK$472 Million in HKEX Private Placement for Expansion and Gold Project Acquisitions\n    \n\n        Majestic Gold Corp.'s subsidiary, Persistence Resources Group Ltd., has announced a private placement financing on the Hong Kong Stock Exchange to raise up to HK$472 million. The placement involves issuing up to 400 million common shares at HK$1.18 per share, representing a discount to recent market prices. Upon completion, Majestic's ownership in Persistence will decrease from 70.5% to approximately 58.8%. Persistence plans to use the proceeds for potential gold mine project acquisitions, business expansion, and general working capital.\n      \n\nDisclaimer: 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. Majestic Gold Corp. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1kogF7nwn) on September 26, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}