- Mayfair Gold (MFG) announces a private placement for gross proceeds of $7,009,000
- The company will issue 4,300,000 flow-through shares at $1.63 per share
- Net proceeds will to fund exploration at the Fenn-Gib Gold Project
- Mayfair Gold (MFG) opened trading at C$1.20
Mayfair Gold (MFG) has announced a non-brokered private placement for gross proceeds of $7,009,000.
The company will issue 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.
The offering is expected to close on or before June 30, 2022, and is subject to approval from the TSX.V.
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) opened trading at C$1.20.