May 21, 2026· Majestic Gold Corp. announces a non-brokered private placement of common shares for aggregate gross proceeds of up to CAD$50 million to fund working capital, exploration at Songjiagou and Muping, and general corporate purposes.
Majestic Gold Announces CAD$50 Million Non-Brokered Private Placement
Majestic Gold Corp. (TSXV: MJS) announced a non-brokered private placement of common shares for aggregate gross proceeds of up to CAD$50 million to fund working capital, exploration and general corporate purposes.
Vancouver, British Columbia — May 21, 2026 — Majestic Gold Corp. (TSXV: MJS, FSE: MJT) (the "Company" or "Majestic Gold") is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") of common shares of the Company for aggregate gross proceeds of up to CAD$50,000,000.
The Offering is expected to be priced in the context of the market and finalised at closing. The Company intends to use the net proceeds of the Offering for working capital, exploration and development at the Songjiagou Gold Mine and the Muping / Mujin gold project in Shandong Province, China, and for general corporate purposes.
Closing of the Offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of closing in accordance with applicable Canadian securities laws.
The Offering is not subject to a minimum aggregate subscription amount. The Company may pay finders' fees in cash and/or securities in connection with the Offering in accordance with the policies of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Majestic Gold Corp. — Majestic Gold is a profitable TSXV-listed gold producer operating the Songjiagou Gold Mine in Shandong Province, China. The Company reported audited FY2025 production of 29,804 ounces of gold, revenue of US$89.3 million, and cash and equivalents of US$167.1 million at year-end.
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