China’s NewMargin leads $36m round for Majestic Gold
Shanghai-headquartered NewMargin Ventures has agreed to lead a $36 million financing round for Vancouver-based Majestic Gold. The proceeds will be used to finance capital expenditures at the company’s Song Jiagou mineral project in Shangdong Province, as well as acquisitions.
The private placement of the gold producer will take place through the sale of 197 million units at the price of $0.18 per piece. Each unit will consist of one common share of Majestic Gold and one common...
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