Persistence Resources Group Ltd. has announced a private placement of new shares under a general mandate, with the aim of raising funds to support its strategic initiatives and sustain growth. The company has balanced the immediate effects of discount and dilution against the long-term benefits, noting that the placing price was set at a discount to the prevailing market price to attract investors. Net proceeds from the placement are intended to expand the company's asset portfolio and operational capacity, reinforce financial stability, and support sustainable revenue growth. The completion of the placement is subject to certain conditions, and shareholders and potential investors are advised to exercise caution when dealing in the company's securities.