Mayfair Gold (TSE:MFG) has released an update.
Mayfair Gold Corp. has successfully closed a $6 million private placement, issuing over 3 million common shares to fund its operations, including permitting and feasibility studies. Notably, insiders participated significantly, with Muddy Waters Capital LLC and affiliates contributing a major portion of the investment. This move highlights the company’s strategic efforts to advance its mineral exploration projects in Northern Ontario.
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