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Fenn-Gibb Project overview Source: Mayfair Gold
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  • Mayfair Gold Corp. (MFG) announced strategic financing to further its exploration program at the Fenn-Gib gold project in the Timmins region of Ontario
  • The Fenn-Gib gold deposit is Mayfair’s flagship asset
  • The corporation intends to issue 4,000,000 flow-through common shares at a price of $1.16 for gross proceeds of $4.6 million
  • The offering price represents a premium of 25 per cent over the closing price of Mayfair Gold common shares on the TSXV as of November 17, 2021
  • Mayfair Gold Corp. (MFG) is up 2.15 per cent and is trading at $0.95 per share as of 2:33 p.m. ET

Mayfair Gold Corp. (MFG) has announced a non-brokered private placement to further its exploration program at the Fenn-Gib gold project in Ontario.

The corporation intends to issue 4,000,000 common shares on a flow-through basis at a price per share of $1.16 for gross proceeds of $4.6 million.

The offering price represents a premium of 25 per cent over the closing price of Mayfair Gold common shares on the TSXV as of November 17, 2021.

The common shares issued will be subject to a four-month hold period.

The offering is expected to close on or before December 15, 2021, and a finder’s fee may be paid on a portion of the offering.

Mayfair is a Canadian mineral exploration company and the Fenn-Gib gold deposit is Mayfair’s flagship asset.

Mayfair Gold Corp. (MFG) is up 2.15 per cent and is trading at $0.95 per share as of 2:33 p.m. ET.

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