Mayfair Gold signs non-binding term sheet with Macquarie for up to C$300 million Fenn-Gib project finance facility

PUBT · 1d ago
Mayfair Gold signs non-binding term sheet with Macquarie for up to C$300 million Fenn-Gib project finance facility
  • Mayfair Gold entered a C$310 million proposed financing package with Macquarie to advance the 100%-owned Fenn-Gib Gold Project in Ontario.
  • Macquarie agreed to subscribe for C$10 million in common shares at C$4.26, a 10% premium to the five-day VWAP.
  • Non-binding term sheet outlines a C$300 million project finance facility, including up to C$20 million of capitalized interest during construction.
  • Proposed pricing set at adjusted term CORRA + 4.75%, stepping down to CORRA + 4.25% following project completion.
  • Facility includes a C$25 million early-draw tranche; repayment would start six months after commercial production, with full repayment by 72 months.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mayfair Gold Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202610010600CANADANWCANADAPR_C3039) on October 01, 2026, and is solely responsible for the information contained therein.