Mayfair Gold Graduates to OTCQX
Mayfair Gold Corp. (MFGCF) announced the commencement of trading on the OTCQX Best Market as of June 30, 2022. This move aims to enhance visibility and accessibility for U.S. investors, complementing ongoing trading on the TSX.V. CEO Patrick Evans underscored the importance of U.S. participation in the company's success at the Fenn-Gib gold project. The company is nearing completion of an 80,000-meter drill program aimed at increasing the gold resource, which currently exceeds 2 million ounces. Recent metallurgical tests indicate robust gold recoveries of up to 94%.
- Commenced trading on OTCQX, improving access for U.S. investors.
- Increase in visibility and market info enhances trading ease.
- Completion of an 80,000-meter drill program is underway.
- Current indicated resource at Fenn-Gib exceeds 2 million ounces.
- Metallurgical tests show recovery rates up to 94%.
- None.
VANCOUVER, British Columbia, June 30, 2022 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQX: MFGCF) today announced that its common shares have commenced trading on the OTCQX Best Market (the “OTCQX”) under the ticker symbol MFGCF effective today, June 30, 2022. The OTCQX is the highest market tier of OTC Markets on which more than 11,000 U.S. and international securities trade. Trading on OTCQX enhances visibility and accessibility of Mayfair Gold to U.S. investors. The Company’s common shares are continuing to trade on the TSX.V under the symbol MFG.
Mayfair Gold President and CEO Patrick Evans commented: “We are pleased to begin trading on the OTCQX Market, which will improve market information, transparency, liquidity and ease of trading in Mayfair Gold securities. Accessibility for investors in the United States to participate in our success at the Fenn-Gib gold project in Northeast Ontario is a priority for Mayfair Gold. We are nearing completion of an 80,000-meter infill and expansion drill program designed to increase the Fenn-Gib deposit beyond the current plus 2 million ounce indicated resource (see “About Mayfair Gold Corp” below). Combined with the exceptional gold recovery results reported from recent metallurgical testing, this work program positions Fenn-Gib as one of the highest quality gold projects in Ontario.”
The OTCQX provides value and convenience to U.S. investors, brokers and institutions seeking to trade Mayfair Gold. The OTCQX is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies. To be eligible, Mayfair Gold has demonstrated that it meets high financial standards, follows best practice corporate governance, demonstrates compliance with U.S. securities laws, and is current with its disclosures.
About Mayfair
Mayfair is a Canadian mineral exploration company focused on advancing the
For further information contact:
Patrick Evans, President and CEO
Email: patrick@mayfairgold.ca
Phone: (480) 747-3032
Web: www.mayfairgold.ca
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Mayfair’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Mayfair’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors. Mayfair undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Mayfair to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
FAQ
What is the significance of Mayfair Gold starting to trade on OTCQX (MFGCF)?
What is the current resource estimate for Mayfair Gold's Fenn-Gib project?
What are the expected benefits of the 80,000-meter drill program for Mayfair Gold?
What gold recovery rates have been reported by Mayfair Gold from recent metallurgical tests?
When did Mayfair Gold start trading on OTCQX?
