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Majestic Gold Announces Update to Normal Course Issuer Bid
Vancouver, British Columbia - TheNewswire – January 10, 2022 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSXV:MJS) (FSE:MJT) announces that it purchase
About this update from Majestic Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire – January 10, 2022 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSXV:MJS) (FSE:MJT) announces that it purchased 300,000 common shares of the Company (“Common Shares”) at an average purchase price of $0.055 during December 2021, pursuant to the Company’s previously announced normal course issuer bid (“NCIB”). The Company intends to continue purchasing its Common Shares under its NCIB and will be updating the market on the progress on a monthly basis. Majestic’s current NCIB commenced on June 3, 2021 and expires on June 2, 2022, to which a maximum of 52,386,319 Common Shares may be purchased, representing approximately 5% of the issued and outstanding Common Shares as at the time of the commencement of the NCIB. To date, Majestic has purchased and cancelled an aggregate of 4,362,000 common shares. All Common Shares purchased under the NCIB are being purchased on the open market through the facilities of the TSX-V as well as through other designated exchanges and alternative trading systems in Canada in accordance with applicable regulatory requirements. All Common Shares purchased will be at the prevailing market price at the time of purchase and will be subsequently cancelled. About Majestic Gold Currently focused solely in China, Majestic Gold Corp. is a British Columbia based company engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company’s website at www.majesticgold.com. For further information, please contact: Stephen Kenwood, P.Geo., President and CEO Telephone: (604) 560-9060 Email: [email protected] Website: www.majesticgold.com FORWARD LOOKING INFORMATION Cautionary Notes Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of the word, “will” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing c...