Mayfair Gold Secures C$310M Macquarie Package for Fenn-Gib Mine
Toronto – October 01, 2026 -- Mayfair Gold Corp. (TSXV: MFG) (NYSE American: MINE) has signed a subscription agreement for a C$10 million strategic equity investment from Macquarie Bank Limited and a non-binding term sheet for a proposed C$300 million project finance facility, bringing the total financing package for its Fenn-Gib Gold Project to up to C$310 million.
Macquarie buys in at a 10% premium to fund Fenn-Gib's Timmins development
Macquarie will acquire Mayfair common shares at C$4.26 each, a 10% premium to the 5-day volume-weighted average price through September 30, 2026, subject to TSX Venture Exchange approval. The proposed C$300 million facility, which includes up to C$20 million of capitalized interest, would cover the majority of the C$450 million initial development capital outlined in Mayfair's 2026 Pre-Feasibility Study for Fenn-Gib, located in the Timmins region of Northern Ontario.