Mayfair Gold Responds to Announcement by Muddy Waters Capital of Intention to Reconstitute the Board of Directors
MATHESON, Ontario, March 19, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today responded to an announcement by Muddy Waters Capital LLC (“Muddy Waters”) of their intention to solicit proxies from securityholders of Mayfair for the purpose of reconstituting the Company’s board of directors (the “Board”) at its upcoming 2024 annual general meeting (the “AGM”).
- MATHESON, Ontario, March 19, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today responded to an announcement by Muddy Waters Capital LLC (“Muddy Waters”) of their intention to solicit proxies from securityholders of Mayfair for the purpose of reconstituting the Company’s board of directors (the “Board”) at its upcoming 2024 annual general meeting (the “AGM”).
- Mayfair has an experienced and engaged Board with considerable collective expertise in the mineral exploration industry.
- The Board is currently conducting a comprehensive and proactive process (the “Recruitment Process”) to identify suitable candidates for board recruitment, which has been ongoing for several months.
- Muddy Waters also demanded the right to have a second, as yet unidentified, nominee appointed to the Board.