PERSISTENCE RES (02489) completes placement of 400 million new shares, netting approximately HK$4.66 billion.

PERSISTENCE RES (02489) announced that on October 14, 2025, a total of 400 million shares of placement shares were successfully placed by placement agents at a placement price of HK$1.18 per share to not less than six placing agents, netting approximately HK$4.66 billion. The funds raised are intended for acquiring potential gold mining projects, accelerating business expansion, and general working capital and other general corporate purposes.