Mayfair Gold Rebukes Muddy Waters Lawsuit

Mayfair Gold (TSE:MFG) has released an update.

Mayfair Gold Corp. has publicly denounced a lawsuit by Muddy Waters Capital as baseless, asserting that it seeks to undermine the company’s governance and breach contractual obligations to employees. The legal action, which involved freezing $4 million in funds intended for employee termination payments, has been criticized by Mayfair’s Chairman for being detrimental and unnecessary. Mayfair Gold urges shareholders to vote using the WHITE Proxy in advance of their upcoming annual meeting, amidst this legal dispute.

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