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MFG — Mayfair Gold News Story

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Brief: Mayfair Gold Enters Into C$310 Million Engagement Letter And Non-Binding Project Financing And Equity Investment Term Sheet With Macquarie For Fenn-Gib

BRIEF-Mayfair Gold Enters Into C$310 Million Engagement Letter And Non-Binding Project Financing And Equity Investment Term Sheet With Macquarie For Fenn-Gib

- Mayfair Gold Corp MFG.V:

  • MAYFAIR GOLD ENTERS INTO C$310 MILLION ENGAGEMENT LETTER AND NON-BINDING PROJECT FINANCING AND EQUITY INVESTMENT TERM SHEET WITH MACQUARIE FOR FENN-GIB

  • MAYFAIR GOLD CORP - MACQUARIE TO INVEST C$10 MILLION IN MAYFAIR SHARES AT C$4.26, 10% PREMIUM TO 5-DAY VWAP

  • MAYFAIR GOLD CORP - FACILITY INCLUDES C$25 MILLION EARLY DRAWDOWN TRANCHE EXPECTED ON CLOSING

  • MAYFAIR GOLD CORP - FACILITY REPAYMENTS START SIX MONTHS AFTER PRODUCTION, FULL REPAYMENT WITHIN 72 MONTHS

  • MAYFAIR GOLD CORP - MACQUARIE TO RECEIVE OFFTAKE RIGHT FOR UP TO 300,000 OZ GOLD AT REFERENCE PRICE LESS US$50/OZ

Source text: ID:nPn5vS4Kla

Further company coverage: MFG.V


((Reuters.Briefs@thomsonreuters.com;;))

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