# Mayfair outlines C$310 million financing framework for Fenn-Gib > The package includes a proposed non-binding C$300 million project facility and a C$10 million equity investment. - Canonical URL: https://newsverum.com/en/news/mayfair-outlines-fenn-gib-financing-framework-macquarie - Publisher: Newsverum - Section: Business - Country: Canada - Published: 2026-10-07T12:59:35+00:00 - Updated: 2026-10-07T12:59:35+00:00 - Event / data period: 2026-10-01 - Other editions: [Türkçe](https://newsverum.com/tr/news/mayfair-outlines-fenn-gib-financing-framework-macquarie.md), [العربية](https://newsverum.com/ar/news/mayfair-outlines-fenn-gib-financing-framework-macquarie.md), [Français](https://newsverum.com/fr/news/mayfair-outlines-fenn-gib-financing-framework-macquarie.md), [Español](https://newsverum.com/es/news/mayfair-outlines-fenn-gib-financing-framework-macquarie.md), [Deutsch](https://newsverum.com/de/news/mayfair-outlines-fenn-gib-financing-framework-macquarie.md), [Português](https://newsverum.com/pt/news/mayfair-outlines-fenn-gib-financing-framework-macquarie.md) Mayfair Gold announced on October 1 a financing framework of up to C$310 million with Macquarie to support development of the Fenn-Gib project in Ontario. It combines a subscription agreement for a C$10 million equity investment with a non-binding term sheet for a proposed C$300 million project-finance facility. The proposed facility could fund most of the C$450 million initial development capital in the feasibility study, but it is not a definitive loan agreement. The company said due diligence, final documentation and required approvals remain outstanding; it has not said the package has closed. ## Data ### Total financing framework announced for Fenn-Gib The announced package combines an equity subscription agreement and a non-binding proposed project facility. Methodology: The C$310 million total comprises a C$10 million equity subscription and a non-binding proposed C$300 million facility; it is not completed financing. | label | value | unit | period | basis | value_qualifier | |---|---|---|---|---|---| | Proposed maximum total financing package announced | 310 | million CAD | 2026-10-01 | target | upper-bound | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/mayfair-outlines-fenn-gib-financing-framework-macquarie/data/release-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/mayfair-outlines-fenn-gib-financing-framework-macquarie/data/release-figures?lang=en&format=csv) ## Sources - [Mayfair Gold Corp.]() (Source checked: 2026-10-07; Published: 2026-10-01) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)