Financing ·
Mayfair Gold secures C$10M equity investment and proposes C$310M financing package for Fenn-Gib project
MFGCDMayfair Gold Corp.
On October 1, 2026, Mayfair Gold Corp. announced a strategic equity investment of C$10 million from Macquarie Bank Limited, priced at C$4.26 per share. Concurrently, the company entered into non-binding engagement letters and term sheets for a proposed C$300 million project finance facility with Macquarie as the mandated lead arranger. The total proposed financing package amounts to up to C$310 million, intended to fund the development of the 100%-owned Fenn-Gib Gold Project in Northern Ontario. The equity investment represents a 10% premium to the five-day volume-weighted average price. The project finance facility includes a C$25 million early drawdown tranche and an offtake right for up to 300,000 ounces of gold. These transactions remain subject to due diligence and customary conditions precedent. Mayfair Gold Corp. operates as a gold exploration and development company in Canada.