Mayfair Announces Appointment of New Interim Chief Financial Officer and Resignation of Officers

 
 

Mayfair Gold Corp. (TSXV: MFG) (OTCQB: MFGCF) (" Mayfair " or the " Company ") is pleased to announce that Mr. Darren Prins has agreed to join the Company and he will assume the position of Interim Chief Financial Officer and Corporate Secretary of the Company effective July 7, 2024.

 

Mr. Prins is a Chartered Professional Accountant and has been a partner at Invictus Accounting Group LLP since August 2018 . He has extensive experience in corporate development, capital markets, mergers & acquisitions, financial reporting, auditing, risk management, budgeting, forecasting and international tax planning. Mr. Prins has served as Chief Financial Officer for private, TSX, TSX Venture and NYSE listed companies.

 

Mayfair also announces that Mr. Justin Byrd , has tendered his resignation as Chief Financial Officer and Corporate Secretary effective July 6, 2024. Mr. Howard Bird , Vice President, Exploration has also resigned, effective June 6, 2024.

 

"We are pleased to be welcoming Mr. Prins to the management team," said Darren McLean , Chair of the Board and Interim CEO and President. "On behalf of the Board, I would like to thank Messrs. Byrd and Bird for their service and contributions to the Company. We wish them all the best in their future endeavours."

 

  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%.

 

SOURCE Mayfair Gold Corp.

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/June2024/10/c3882.html  

 
 

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Mayfair Announces Shareholders Vote over 91% for the Muddy Waters' Nominees and Appointment of Additional Director and Interim CEO

 
 

Mayfair Gold Corp. (TSXV: 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.

 

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Mayfair Gold Announces that Certain Employees have Withdrawn Notices of Termination under Change of Control and Continue Employment with the Company

 

Mayfair Gold Corp. (" Mayfair " or the " Company ") ( TSX-V: MFG; OTCQB: MFGCF ) announces that it has received notices (the " Rescission Notices ") from all Terminating Employees (as defined below) except Patrick Evans, that they have rescinded their Terminating Notices (as defined below), will continue their employment relationship with the Company and direct that their respective portions of the Change of Control Payment (as defined below), totaling approximately $2.47 million, be returned to the Company from trust.

 

   Terminating Employees and Change of Control Payments   

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Mayfair Gold Announces that Certain Employees May Withdraw Notices of Termination under Change of Control to Continue Employment with the Company

 

Mayfair Gold Corp. (" Mayfair " or the " Company ") ( TSX-V: MFG; OTCQB: MFGCF ) announces that it has received correspondence from all Terminating Employees (as defined below) except Patrick Evans, that they may be willing to rescind their Terminating Notices (as defined below) and direct that their respective portions of the Change of Control Payment (as defined below), totaling approximately $2.47 million, be returned to the Company if acceptable settlement terms are reached.

 

   Terminating Employees and Change of Control Payments   

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Mayfair Gold Chair Letter to Shareholders Ahead of Crucial Vote

 

Mayfair Gold Corp. (" Mayfair " or the " Company ") ( TSX-V: MFG; OTCQB: MFGCF ) today published a letter to shareholders from the Independent Chairman of its Board of Directors, Harry Pokrandt. The letter summarizes the recent actions the Company's Board of Directors (the " Board ") has taken to protect the Company and its stakeholders over the course of the proxy contest with Muddy Waters Capital LLC (" Muddy Waters "), set to culminate at the upcoming Annual General and Special Meeting of Shareholders to be held on June 5, 2024 (the " Meeting "). The full text of the letter follows.

 

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Leading Proxy Advisory Firm Glass Lewis Recommends that Mayfair Gold Shareholders Vote FOR All Company Nominees

 
  •    Glass Lewis observes that Muddy Waters' claims "appear to be deceiving" and its approach "shows a lack of respect for basic governance principles"   
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  •    Existing Mayfair Board and management "possess the right skills, experience and vision to guide the Company toward success"   
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Mayfair Gold Corp. (" Mayfair " or the " Company ") ( TSX-V: MFG; OTCQB: MFGCF ) today announced that leading independent proxy advisory firm Glass Lewis has issued a report recommending that Mayfair shareholders vote the WHITE Proxy or voting instruction form FOR the management slate and all management resolutions at the upcoming Annual General and Special Meeting of Shareholders to be held on June 5, 2024 (the " Meeting ").

 

Glass Lewis becomes the second proxy advisory firm to recommend in favour of all management resolutions, following a similar report issued last week by ISS. Glass Lewis recommends that shareholders vote FOR each of Mayfair's highly qualified director nominees: Harry Pokrandt, Patrick Evans, Christopher Reynolds and Douglas Cater, and AGAINST all proposals and nominees put forward by Muddy Waters Capital LLC (" Muddy Waters ").

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