MATHESON, ON, June 5, 2024 /CNW/ - Mayfair Gold Corp. today announced the voting results at its Annual General and Special Meeting of shareholders 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 . Shareholders of [...]
Mayfair Gold Corp. announces that it has received notices from all Terminating Employees except Patrick Evans, that they have rescinded their Terminating Notices , will continue their employment relationship with the Company and direct that their respective portions of the Change of Control Payment , totaling approximately $2.47 million, be returned to the Company from trust. Terminating Employees and Change of Control [...]
Mayfair Gold Corp. is pleased to announce that the Supreme Court of British Columbia today has set aside the ex parte order obtained by Muddy Waters Capital LLC and dismissed Muddy Waters' application that the Court grant a new injunction. As previously disclosed by the Company, on May 27, 2024, Muddy Waters obtained the Muddy Waters Order from the Court which restricted the distribution of funds held in trust of [...]
Mayfair Gold Corp. announces that it has received correspondence from all Terminating Employees except Patrick Evans, that they may be willing to rescind their Terminating Notices and direct that their respective portions of the Change of Control Payment , totaling approximately $2.47 million, be returned to the Company if acceptable settlement terms are reached. Terminating Employees and Change of Control Payments As [...]
Mayfair Gold Corp. 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 has taken to protect the Company and its stakeholders over the course of the proxy contest with Muddy Waters Capital LLC , set to culminate at the upcoming Annual General and Special Meeting of Shareholders to be held [...]
Glass Lewis observes that Muddy Waters' claims "appear to be deceiving" and its approach "shows a lack of respect for basic governance principles" Existing Mayfair Board and management "possess the right skills, experience and vision to guide the Company toward success" MATHESON, Ontario, May 30, 2024 -- Mayfair Gold Corp. today announced that leading independent proxy advisory firm Glass Lewis has issued a report [...]
Mayfair Gold Corp. provides the following disclosure to supplement its management information circular dated May 6, 2024 for the annual general and special meeting of shareholders to be held on June 5, 2024 . Shareholders are encouraged to read the Circular, which is available on www.sedarplus.ca, as well as the Investor Resources section of the Company's website at https://mayfairgold.ca/investor-resources/, in [...]
Mayfair Gold Corp. today commented on an ex parte order obtained by Muddy Waters Capital LLC in the Supreme Court of British Columbia on May 27 restricting the distribution of funds held in trust of approximately $4.0 million representing the aggregate termination payments payable to the Company's management and employees under their employment agreements in respect of a change of control. The trust arrangement for the [...]
ISS concludes that Muddy Waters "has not articulated any credible path forward" Mayfair Board regrets Muddy Waters' unwillingness to engage constructively MATHESON, Ontario, May 23, 2024 -- Mayfair Gold Corp. today announced that leading independent proxy advisory firm ISS has issued a report recommending that Mayfair shareholders vote the WHITE Proxy or voting instruction form FOR the management slate and all management [...]
Board cautions Shareholders that the Muddy Waters Nominees: Have no board or management experience on Canadian public companies; Have no experience as directors or officers of exploration, development, or producing mining companies; Have no business plan or strategic vision for the Company; Have a track record as activist short sellers associated with value destruction, not long-term growth MATHESON, Ontario, May 09, 2024 [...]
Successful completion of Phase 6 drill program Drill results from Main, Footwall, Deformation, and Contact Zones 2024 environmental field program underway Pre-feasibility study tradeoff studies underway MATHESON, Ontario, May 08, 2024 -- Mayfair Gold Corp. is pleased to announce the safe and successful completion of the Phase 6 resource drill program focused on extending the strike of the Footwall Zone mineralization at [...]
Mayfair Gold Corp. is pleased to announce the appointment of Richard Klue to the position of Vice President Technical Services of Mayfair Gold. Mr. Klue has over 40 years of experience in the mining, minerals, and metals industry, and has held numerous senior leadership positions overseeing global engineering studies, projects, and engineering programs. Most recently, Mr. Klue was Vice President Engineering and Studies at [...]
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