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Mayfair Gold Schedules Annual General and Special Meeting of Shareholders in Response to Shareholder Requisition
MATHESON, Ontario, April 17, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced that it has cal
About this update from Mayfair Gold Corp.
[{"type":"text","content":" 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. Shareholders will receive details about the matters to be presented at the Meeting and about how to vote in a management information circular to be delivered to them in advance of the Meeting. Shareholders are not required to take any action at this time. Mayfair will continue to provide updates to shareholders on any significant developments relating to the foregoing as required and appropriate. Mayfair has retained Alliance Advisors, LLC as its strategic shareholder advisor and proxy solicitation agent. About Mayfair Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset and currently hosts an updated NI 43-101 resource estimate with an effective date of April 6, 2023 with a total Indicated Resource of 113.69M tonnes containing 3.38M ounces at a grade of 0.93 g/t Au and an Inferred Resource of 5.72M tonnes containing 0.16M ounces at a grade of 0.85 g/t Au at a 0.40 g/t Au cut-off grade (Source: NI 43-101 Technical Report on Fenn-Gib Project, Ontario, Canada, prepared by Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., dated April 6, 2023). Mr. Maunula is a qualified person as defined by NI 43-101. The Fenn-Gib deposit has a strike length of over 1.5km with widths ranging over 500m. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed metallurgical tests confirm that the Fenn-Gib deposit can deliver robust gold recoveries of up to 94%. ON BEHALF OF THE BOARD OF DIRECTORS For furthe...