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

PUBT · 1d ago
Mayfair Gold signs non-binding term sheet with Macquarie for up to C$300 million project finance facility for Fenn-Gib
  • Mayfair Gold signed a C$10 million equity subscription with Macquarie at C$4.26 per share, a 10% premium to 5-day VWAP.
  • Macquarie also issued a non-binding engagement letter for a proposed C$300 million project finance facility for the Fenn-Gib project.
  • Facility terms include adjusted term CORRA + 4.75%, stepping down to CORRA + 4.25% after completion, with up to C$20 million capitalized interest.
  • Structure includes a C$25 million early-draw tranche at closing; quarterly repayments start six months after commercial production.
  • Financing package grants Macquarie gold offtake on 50,000 ounces per year up to 300,000 ounces, priced at reference less US$ 50 per ounce.


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 PR Newswire (Ref. ID: TO61269) on October 01, 2026, and is solely responsible for the information contained therein.