MATHESON

Mayfair Gold Files Management Information Circular and Issues Letter to Shareholders

Retrieved on: 
Thursday, May 9, 2024
PFS, CFO, Risk, Growth, AAN, Proxy, Control, Change, Meeting, News, Carson Block, National Instrument 43-101, First Nations, Gold, Shareholder, Fault (geology), Settlement, Telephone, TSX Venture Exchange, Technical report, Employment, Letter, Special, National instrument, MFG, Vexatious litigation, Trust, Divergence (computer science), Mining, Technical, Management

MATHESON, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced that it has filed its management information circular (the “Information Circular”) and related proxy materials in connection with its upcoming Annual General and Special Meeting of Shareholders to be held on June 5, 2024 (the “Meeting”). The Information Circular includes a Letter to Shareholders from Harry Pokrandt, Chairman of the Company’s board of directors (the “Board”). The Company also announced it has entered into a Settlement Agreement (as defined below) with certain employees of the Company to ensure the retention of their services on behalf of Mayfair up to the Meeting.

Key Points: 
  • The Information Circular includes a Letter to Shareholders from Harry Pokrandt, Chairman of the Company’s board of directors (the “Board”).
  • The Board unanimously recommends that shareholders vote to RE-ELECT as directors each of Harry Pokrandt, Patrick Evans, Christopher Reynolds and Douglas Cater (the “Company Nominees”).
  • Over the past year, the Company is among the top-performing gold stocks among Canadian gold mining exploration and development companies.
  • The Company’s share price has outperformed the 17% increase in the price of gold during the same time period.

Mayfair Gold Announces the Appointment of Vice President Technical Services

Retrieved on: 
Thursday, April 18, 2024
Tetra, Mineral, Senior, Metal, MFG, Engineering, Management

MATHESON, Ontario, April 18, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the appointment of Richard Klue to the position of Vice President Technical Services of Mayfair Gold.

Key Points: 
  • MATHESON, Ontario, April 18, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the appointment of Richard Klue to the position of Vice President Technical Services of Mayfair Gold.
  • Most recently, Mr. Klue was Vice President Engineering and Studies at Hudbay Minerals Inc.
  • Prior to that, he served as Vice President Technical Services at Copper Mountain Mining Corp., Regional Director of Mining and Metals at Hatch, and Senior Vice President at Tetra Tech Wardrop.
  • Mayfair’s president and CEO, Patrick Evans, commented: “We welcome Richard to the Mayfair team.

Mayfair Gold Schedules Annual General and Special Meeting of Shareholders in Response to Shareholder Requisition

Retrieved on: 
Wednesday, April 17, 2024
MFG, Muddy Waters, Meeting, Requisition, News, Management

MATHESON, Ontario, April 17, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced that it has called an annual general and special meeting (the "Meeting") of its shareholders to be held on June 5, 2024, in response to a shareholder requisition submitted by MWCGOF SPV III LP, an investment fund controlled by Muddy Waters Capital LLC ("Muddy Waters").

Key Points: 
  • MATHESON, Ontario, April 17, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced that it has called an annual general and special meeting (the "Meeting") of its shareholders to be held on June 5, 2024, in response to a shareholder requisition submitted by MWCGOF SPV III LP, an investment fund controlled by Muddy Waters Capital LLC ("Muddy Waters").
  • On March 27, 2024, Muddy Waters requisitioned an annual general meeting of shareholders (the "Requisition") for the purpose of reconstituting Mayfair's board of directors.
  • Please see the Company's news release dated March 28, 2024, for full particulars of the items of business called for by the Requisition.
  • Mayfair will continue to provide updates to shareholders on any significant developments relating to the foregoing as required and appropriate.

Mayfair Gold Drills 1.97 g/t Au over 68.9m including 3.01 g/t Au over 12.5m at Fenn-Gib Footwall Zone

Retrieved on: 
Tuesday, April 16, 2024
Geology, News, Pipestone, Metallurgy, Gold, Zone, MFG, Nightclub

FG24-385 intersected 0.88 g/t Au over 71.0m, including 1.40 g/t Au over 28.3m including 19.81 g/t Au over 1.8m;

Key Points: 
  • FG24-385 intersected 0.88 g/t Au over 71.0m, including 1.40 g/t Au over 28.3m including 19.81 g/t Au over 1.8m;
    FG24-387 intersected 0.80 g/t Au over 194.5m, including 3.02 g/t Au over 3.0m and 2.54 g/t Au over 5.0m and 8.56 g/t Au over 3.3m including 23.90 g/t Au over 1.0m and 4.60 g/t Au over 2.2m;
    FG24-388 intersected 1.97 g/t Au over 68.9m including 4.82 g/t Au over 9.4m including 11.25 g/t Au over 2.1m and 3.01 g/t Au over 12.5m and 6.63 g/t Au over 1.1m and 4.15 g/t Au over 5.9m; and
    FG24-390 intersected 10.72 g/t Au over 1.0m, 0.55 g/t Au over 28.5m, 6.12 g/t Au over 14.0m including 68.13 g/t Au over 0.9m and 3.24 g/t Au over 6.0m including 9.13 g/t Au over 1.0m.
  • FG21-188 intersected 25.93 g/t Au over 1.5m, 1.37 g/t Au over 25.5m including 5.4 g/t Au over 5.0m; FG21-203 intersected 2.70 g/t Au over 15.0m; including 4.04 g/t Au over 9.0m, including 7.18 g/t Au over 4.0m; FG21-215 intersected 2.88 g/t Au over 49.0m, including 6.53 g/t Au over 17.5m and FG22-218 intersected 0.71 g/t Au over 92.0m, including 2.15 g/t Au over 10.0m.
  • FG23-300 intersected 2.05 g/t Au over 16.2m, including 3.72 g/t Au over 6.2m (news release February 27, 2023), and hole FG23-328 returned 15.65 g/t Au over 1.5m and 7.94 g/t Au over 7.0m and hole FG23-344A intersected 4.72 g/t Au over 30.0m, including 6.59 g/t Au over 19.6m (news release June 21, 2023).
  • FG23-304 intersected 1.46 g/t Au over 25.9m, including 14.32 g/t Au over 1.0m and 3.0 g/t Au over 3.5m and 5.88 g/t Au over 1.9; FG23-314 intersected 2.19 g/t Au over 17.1m, including 13.67 g/t Au over 2.0m; FG23-326 intersected 3.67 g/t Au over 8.0m, including 6.47 g/t Au over 4.2m including 19.89 g/t Au over 0.9m and FG23-345 intersected 1.44 g/t Au over 49.5m, including 9.20 g/t Au over 2.5m and 2.92 g/t Au over 3.0m (news release September 11, 2023).

Mayfair Gold Sets the Record Straight and Corrects Muddy Waters’ Misleading and Inaccurate Statements

Retrieved on: 
Thursday, April 4, 2024
Chair, Muddy Waters, Letter, Trust, Research, MFG, Compensated emancipation, Hand, Legislation, Management

The Company also wishes to set the record straight and correct misleading and inaccurate statements made by Muddy Waters in the Letter.

Key Points: 
  • The Company also wishes to set the record straight and correct misleading and inaccurate statements made by Muddy Waters in the Letter.
  • Contrary to Muddy Waters’ assertion that it hoped to resolve issues with the Company quickly, it has consistently refused to engage in a constructive dialogue with Mayfair.
  • The Letter also makes a number of unsubstantiated statements about compensation for directors and management which require clarification and context.
  • No shareholder other than Muddy Waters has expressed any concerns to the Board or management regarding the Company’s compensation practices.

Mayfair Gold Receives Shareholder Meeting Requisition

Retrieved on: 
Thursday, March 28, 2024
Muddy Waters, News, Requisition, MFG

MATHESON, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced that it has received a shareholder meeting requisition notice pursuant to section 167 of the Business Corporations Act (British Columbia) (the “Requisition”) dated March 27, 2024 from MWCGOF SPV III LP (the “Requisitioning Shareholder”), a fund controlled by Muddy Waters Capital LLC (“Muddy Waters”).

Key Points: 
  • MATHESON, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced that it has received a shareholder meeting requisition notice pursuant to section 167 of the Business Corporations Act (British Columbia) (the “Requisition”) dated March 27, 2024 from MWCGOF SPV III LP (the “Requisitioning Shareholder”), a fund controlled by Muddy Waters Capital LLC (“Muddy Waters”).
  • The Requisitioning Shareholder purports to hold in excess of five percent (5%) of the issued common shares of the Company.
  • The Company is reviewing the Requisition, with the assistance of its professional advisors, and will respond appropriately in due course.
  • Mayfair’s President and CEO, Patrick Evans, commented: “The Company is grateful for the many expressions of support it has received from shareholders.

Mayfair Gold Commences 2024 Environmental Field Program at Fenn-Gib Gold Project

Retrieved on: 
Thursday, March 28, 2024
Risk, MFG, Groundwater, Hydrology

MATHESON, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the start the 2024 environmental field program in support of a potential environmental assessment for the 100% controlled Fenn-Gib project in the Timmins region of Ontario.

Key Points: 
  • MATHESON, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the start the 2024 environmental field program in support of a potential environmental assessment for the 100% controlled Fenn-Gib project in the Timmins region of Ontario.
  • The program is being managed by a multi-disciplinary group led by Environmental Applications Group Inc. of Sudbury, Ontario.
  • Mayfair’s president and CEO, Patrick Evans, commented: “This represents the fourth annual environmental field program at Fenn-Gib since Mayfair acquired the project in 2021.
  • The 2024 field program will provide additional data to support a potential environmental assessment and future permitting for the Fenn-Gib project.”
    Major elements of the 2024 field program include:
    Groundwater hydrogeology studies, including the drilling of 12 monitoring wells, logging of overburden, hydraulic testing, and seasonal water quality sampling;
    Surface water sampling and hydrology monitoring;
    Terrestrial and aquatic wildlife monitoring;
    Reports on the results of the 2024 environmental field program are expected to be completed in Q1 2025 and will guide planning for the 2025 field program.

Mayfair Gold Initiates Pre-Feasibility Study for Fenn-Gib Gold Project

Retrieved on: 
Wednesday, March 27, 2024
Risk, Acquisition, MFG, AGP

Mayfair has engaged AGP Mining Consultants (“AGP”) as lead engineers of a multi-disciplinary group (“AGP Group”) to deliver the pre-feasibility study.

Key Points: 
  • Mayfair has engaged AGP Mining Consultants (“AGP”) as lead engineers of a multi-disciplinary group (“AGP Group”) to deliver the pre-feasibility study.
  • Mayfair’s president and CEO, Patrick Evans, commented: “Initiation of the Fenn-Gib pre-feasibility study is a major milestone towards the potential development of the Fenn-Gib project.
  • In 2023, Mayfair completed pre-feasibility level metallurgical, geotechnical, and hydrogeology studies to de-risk the project ahead of the pre-feasibility study.
  • His contribution to the formation of the Company and subsequent acquisition of the Fenn-Gib project contributed significantly to the success of Mayfair Gold.

Mayfair Gold Responds to Announcement by Muddy Waters Capital of Intention to Reconstitute the Board of Directors

Retrieved on: 
Tuesday, March 19, 2024
Annual general meeting, Muddy Waters, Chairperson, Research, AGM, Interview, MFG, Compensated emancipation, Recruitment, Management

MATHESON, Ontario, March 19, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today responded to an announcement by Muddy Waters Capital LLC (“Muddy Waters”) of their intention to solicit proxies from securityholders of Mayfair for the purpose of reconstituting the Company’s board of directors (the “Board”) at its upcoming 2024 annual general meeting (the “AGM”).

Key Points: 
  • MATHESON, Ontario, March 19, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today responded to an announcement by Muddy Waters Capital LLC (“Muddy Waters”) of their intention to solicit proxies from securityholders of Mayfair for the purpose of reconstituting the Company’s board of directors (the “Board”) at its upcoming 2024 annual general meeting (the “AGM”).
  • Mayfair has an experienced and engaged Board with considerable collective expertise in the mineral exploration industry.
  • The Board is currently conducting a comprehensive and proactive process (the “Recruitment Process”) to identify suitable candidates for board recruitment, which has been ongoing for several months.
  • Muddy Waters also demanded the right to have a second, as yet unidentified, nominee appointed to the Board.