On November 3, 2023, Mayfair Gold Corp. closed the transaction. The Company issued 2,040,000 common shares on a charity flow-through basis at a price per FT Share of CAD 2.94 for the gross proceeds of CAD 5,997,600, and 2,881,000 non-flow-through common shares at a price of per common share of CAD 2.10 for the gross proceeds of CAD 6,050,100; aggregate gross proceeds of CAD 12,047,700. The FT Shares and Shares issued under the Offering are subject to a four month hold period expiring on March 3, 2024. Finder?s fees were paid on a portion of the Offering. An investment fund was issued 2,286,000 Shares under the Offering. The fund owns shares of the Company constituting in aggregate more than 10% of the Company?s issued and outstanding capital. The company raised CAD 4,800,600 pursuant to Regulation D in the transaction from three investors.

On November 10, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange. The transaction included participation from 12 placees. The total existing insider involvement is CAD 2,286,000 from one insider and total existing pro group involvement CAD 95,000 and 49,500 CFT by four pro groups. The company has paid finder's fees of CAD 557,046 in the transaction.