Business
Mayfair Gold Received DTC Eligibility in the United States
VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTC: MFGCF) is pleased to announce t
About this update from Mayfair Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTC: MFGCF) is pleased to announce that the Company has received confirmation from the Depository Trust Company (“DTC”) that its common shares are now eligible for electronic clearing and settlement through DTC in the United States. Mayfair Gold currently trades OTC in the United States under the symbol “MFGCF.” Mayfair Gold President and CEO Patrick Evans welcomed this development. “We have qualified for DTC eligibility just five months following our IPO on the TSX.V. This positions us well to grow our global investor base and US investors are now able to participate fully in Mayfair’s exciting growth.” The DTC is a subsidiary of The Depository Trust & Clearing Corporation that manages the electronic clearing and settlement of publicly traded companies in the United States. This electronic method of clearing securities accelerates the settlement process for investors and brokers, enabling a security to be traded over a much wider selection of brokerage firms in the United States. About Mayfair Mayfair is a Canadian mineral exploration company focused on advancing the 100% owned Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset. An updated open-pit constrained NI 43-101 resource estimate (February 5, 2021) reported a total Indicated Resource of 70.2M tonnes containing 2.08M ounces at a grade of 0.921 g/t Au and an Inferred Resource of 3.8M tonnes containing 75,000 ounces at a grade of 0.618 g/t Au. The deposit has a strike length of approx. 1.25km with widths ranging up to 300m. The gold mineralized zones remain open at depth and along strike to the east and west. For further information contact: Patrick Evans, President and CEOEmail: [email protected]: (416) 670-5114Web: www.mayfairgold.ca Forward Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, \"forward-looking statements\") that relate to Mayfair’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, b...