MAYFAIR GOLD CORP. (MFGCF) Form 6-K — Oct 14, 2026
Mayfair Gold announced it has completed a strategic investment with Macquarie Bank Limited, with Macquarie purchasing 2,346,701 common shares at C$4.26 per share for gross proceeds of approximately C$10 million. The shares are subject to a 4-month and one-day hold period expiring February 15, 2027, and proceeds are expected to advance the 100%-owned Fenn-Gib gold project in Ontario.
Key figures
- Gross Proceeds
- C$10,000,000
- Offering Price
- C$4.26
- Shares Offered
- 2346701
- Initial Capital
- C$450 million
- Probable Reserve
- 1 Moz (25.1Mt at 1.29 g/t)
- Cumulative FCF6yr
- US$896 million (at US$3,100/oz gold)
- Hold Period Expiry
- February 15, 2027
- Payback Period Years
- 2.7
- Fenn Gib Indicated Resource
- 4.3 Moz gold (181.3Mt at 0.74 g/t)
AI analysis
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