Mayfair Gold - CEO, Patrick Evans.
CEO, Patrick Evans.
Source: Mayfair Gold.
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  • Mayfair Gold (MFG) closed its private placement for gross proceeds of $7,009,000
  • The company issued 4,300,000 flow-through shares at $1.63 per share
  • Net proceeds will fund exploration at the Fenn-Gib Gold Project
  • Mayfair Gold (MFG) was trading 1.63 per cent lower at C$1.21 per share at 2:35 p.m. ET

Mayfair Gold (MFG) has closed its previously announced non-brokered private placement for gross proceeds of $7,009,000.

The company issued 4,300,000 flow-through shares at $1.63 per share.

Net proceeds will fund further exploration at the Fenn-Gib Gold Project in the Timmins region of Ontario.

Shares issued will be subject to a four month hold period, expiring November 1st, 2022

Mayfair Gold is a Canadian mineral exploration company focused on advancing its Fenn-Gib Gold Project. The Fenn-Gib gold deposit is Canada’s first carbon-neutral gold project.

Mayfair Gold (MFG) was trading 1.63 per cent lower at C$1.21 per share at 2:35 p.m. ET.

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