Majestic Announces 2025 AGM Results and Adoption of Dividend Policy

About this update from Majestic Gold Corp.

[{"type":"text","content":"Majestic Announces 2025 AGM Results and Adoption of Dividend Policy\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia\n–\n \n\n TheNewswire -\n \n\n June 27, 2025\n \n\n - Majestic Gold Corp.\n \n\n (“Majestic” or the “Company”) (TSX.V: MJS, FSE:\nA0BK1D)\n \n\n is pleased to\n \n\n announce the voting results from its 2025 Annual General\nMeeting of Shareholders (the “AGM”) held on\n \n\n June 26, 2025.\n \n\n\n\n Shareholders voted in favour of all management nominees\nand resolutions outlined in the Company’s Information Circular. The\ndirectors were re-elected to the Board of Directors (“Board”) for\nthe upcoming year include Stephen Kenwood, Chengliang Jiang, Charles\nUy, and John Campbell.\n \n\n\n\n In addition, shareholders approved the following AGM\nResolutions:\n \n\n\n\n\n\n Auditor Re-appointment: Shareholders approved the\nreappointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered\nProfessional Accountants, as auditors of the Company for the ensuing\nyear, with the Board authorized to fix their remuneration (100% in\nfavour).\n \n\n\n\n\n\n Stock Option Plan: Shareholders approved the\nCompany’s Stock Option Plan as described in the Information Circular\n(99.65% in favour).\n \n\n\n\n\n\n Following the AGM, the Board re-appointed Stephen\nKenwood as President & Chief Executive Officer, and James Mackie\nas Chief Financial Officer & Corporate Secretary.\n \n\n\n\n Majestic is also pleased to announce that its Board has\nformally adopted a Dividend Policy\n \n\n (the\n“Dividend Policy”)\n \n\n .\n \n\n While no dividends have been declared at this time, the\nDividend Policy establishes a framework to evaluate potential future\ndividend payments based on,\n \n\n but not limited\nto,\n \n\n the following considerations:\n \n\n :\n \n\n\n\n\n\n Current and projected financial performance\n \n\n\n\n\n\n Profitability and earnings\n \n\n\n\n\n\n Cash flow requirements and capital\nexpenditures\n \n\n\n\n\n\n Market conditions and economic outlook\n \n\n\n\n\n\n Legal and regulatory requirements\n \n\n\n\n\n\n Other factors deemed relevant to the Board\n \n\n\n\n\n\n \"This Dividend Policy reflects our confidence in\nMajestic's financial stability and growth strategy,\" said Stephen\nKe...

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