Mayfair Gold (TSE:MFG) has released an update.
Mayfair Gold Corp. has disclosed that most of their key employees, excluding the CEO, are considering rescinding their termination notices and returning a combined $2.47 million from the Change of Control Payment if favorable settlement terms are agreed upon. The company is in the midst of a proxy contest and advises shareholders to vote in advance of the upcoming June 5th meeting. Mayfair Gold continues to focus on its flagship Fenn-Gib gold project in Northern Ontario, boasting significant gold resources and promising recovery rates.
For further insights into TSE:MFG stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
