Mayfair Announces Shareholders Vote over 91% for the Muddy Waters’ Nominees and Appointment of Additional Director and Interim CEO
Mayfair Announces Shareholders Vote over 91% for the Muddy Waters’ Nominees
and Appointment of Additional Director and Interim CEO
Matheson, Ontario, Canada – Mayfair Gold Corp. (TSX-V: MFG, OTCQB: MFGCF) (“Mayfair” or
the “Company”) today announced the voting results at its Annual General and Special Meeting
of shareholders (the “Meeting”) held on June 5, 2024. A total of 85,554,724 common shares were
voted, representing 85.04% of the Company's issued and outstanding common shares as at the
record date of April 26, 2024. At the Meeting, shareholders elected new members to the board of
directors (the “Board”).
Shareholders of the Company voted for the election of Carson Block, Darren McLean, Freddy
Brick and Anthony Jew as directors for the ensuing year.
The results of the votes for those who stood for election are as follows:
Nominee Votes For % For % For as %
of Issued
and
Outstanding
Shares
Votes
Withheld
%
Withheld
% Withheld
as % of
Issued and
Outstanding
Shares
Patrick
Evans
7,114,035 8.38% 7.07% 77,729,005 91.62% 77.26%
Harry
Pokrandt
7,197,625 8.48% 7.15% 77,645,415 91.52% 77.18%
Christopher
Reynolds
7,197,625 8.48% 7.15% 77,645,415 91.52% 77.18%
Douglas
Cater
7,197,625 8.48% 7.15% 77,645,415 91.52% 77.18%
Carson
Block
77,648,815 91.52% 77.18% 7,194,225 8.48% 7.15%
Darren
McLean
77,476,049 91.32% 77.01% 7,366,991 8.68% 7.32%
Freddy Brick 77,542,432 91.40% 77.08% 7,300,608 8.60% 7.26%
Anthony Jew 77,478,102 91.32% 77.01% 7,364,938 8.68% 7.32%
In addition, shareholders approved the re- appointment of Davidson & Company LLP as the
auditors of the Company and re-approved the Company’s stock option plan.
No other business was put forth before the Meeting.
Mayfair is also pleased to announce that after the Meeting, the Board approved the appointment
of Mr. Sean Pi as an additional director of the Company. Mr. Pi, a partner at Heeney Capital, is a
co-founder of Mayfair and previously served as a director since the formation of the Company in
2019 until March 26, 2024. Previously, Mr. Pi was an investment banker at Evercore Partners,
primarily covering diversified industrial companies, and started his career with the same coverage
at Wells Fargo. Mr. Pi holds a bachelor’s degree in economics from Princeton University and is a
Chartered Financial Analyst charterholder.
Mr. Darren McLean has been appointed as Chair of the Board and will serve as Interim CEO and
President of the Company.
“We are delighted to have Sean re-join the Board and wish to thank shareholders for their ongoing
support,” commented Darren McLean, Chair of the Board and Interim CEO and President . “We
also wish to thank the employees who decided to remain with the Company. The Board is
committed to strong governance and advancing the Fenn-Gib gold project. We are excited for the
future of this new Mayfair and remain focused on creating shareholder value.”
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. 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%.
For further information: Darren McLean, [email protected]