Mayfair Gold Schedules Annual General and Special Meeting of Shareholders in Response to Shareholder Requisition
Mayfair Gold Schedules Annual General and Special Meeting of Shareholders
in Response to Shareholder Requisition
MATHESON, Ontario, April 17, 2024 -- 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 further information contact:
Patrick Evans, President and CEO
Phone: (480) 747-3032
Email: [email protected]
Web: 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, including: the timing of the Meeting, the business to be conducted at the Meeting, anticipated mineral grades
and quantities and the Fenn-Gib deposit delivering gold recoveries of up to 94%. Forward-looking statements and may involve
estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and
such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only
as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties,
many of which are beyond Mayfair’s control, which could cause actual results and events to differ materially from those that
are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to:
the actions of third-parties, including Muddy Waters, and the Company’s exploration and operational activities. Mayfair
undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for
Mayfair to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking
statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.