- 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.