Strengthening Leadership at Mayfair Gold
Mayfair Gold Corp. (TSXV: MFG) is pleased to announce the addition of Zayem Lakhani as Vice President of Capital Markets, a strategic appointment aimed at bolstering the company’s management team.
Nick Campbell, the CEO of Mayfair Gold, expressed enthusiasm about Zayem’s decision to join the team. He highlighted the recent surge in interest from various investors who have traditionally overlooked gold mining investments. As the market for gold and gold equities continues to flourish, more generalist investors are looking to diversify their portfolios with exposure to this thriving sector. Campbell pointed out that Lakhani's extensive experience as a fund manager will be invaluable in reaching these investors. He also noted that Zayem holds 335,000 shares in Mayfair, aligning him closely with the company’s growth objectives—a key aspect of the management philosophy at Mayfair.
Lakhani echoed this sentiment by recognizing the shift in the investment landscape. He emphasized that gold and its equities are becoming increasingly vital for a well-rounded multi-asset investment strategy. Companies operating in Tier 1 jurisdictions and demonstrating a clear pathway to production are set to provide some of the most attractive risk-adjusted returns. Mayfair Gold exemplifies these attributes, and Lakhani is eager to work towards maximizing value for all stakeholders.
Equity Incentives for Key Personnel
The company has also introduced significant equity-based compensation. Zayem Lakhani has received an option grant of 275,000 shares, while key consultants each received 325,000 options. These options have a strike price set at $2.17, with an effective grant date of November 20, 2025, and will become exercisable over a structured vesting period. The first 1/3 of these options will be vested if the executive or consultant remains actively employed by November 20, 2026. The remaining options will vest monthly over the next two years, further incentivizing the team’s commitment to the company's long-term success.
Omnibus Equity Incentive Plan Overview
The grants have been executed under Mayfair's omnibus equity incentive plan (the 'Omnibus Plan'), which was supported by the company’s shareholders on September 4, 2025. This rolling 10% plan allows for various forms of equity compensation including options and performance share units. Importantly, the total number of common shares manageable under this plan, as well as other compensation strategies, cannot exceed 10% of Mayfair's total issued shares.
Mayfair Gold’s Vision and Commitment
Mayfair Gold maintains a strong focus on the development of its wholly-owned Fenn-Gib gold project located in Ontario. This project boasts an impressive mineral resource estimate of 4.3 million ounces, highlighting its potential within the renowned Timmins gold district. The location is strategically positioned just off Highway 101, allowing for efficient access and infrastructure utilization to facilitate the advancement of the project towards production. Safety, environmental responsibility, and active stakeholder engagement are core tenets of Mayfair's operational philosophy as they work towards realizing the Fenn-Gib project.
Frequently Asked Questions
Who is Zayem Lakhani and what is his new role at Mayfair Gold?
Zayem Lakhani has been appointed as the Vice President of Capital Markets at Mayfair Gold, tasked with engaging new investors.
What does the Omnibus Plan entail for Mayfair Gold?
The Omnibus Plan is a rolling 10% equity incentive framework allowing for flexible compensation methods based on company performance.
What recent roles has Mayfair Gold filled in its management team?
Mayfair Gold has recently appointed Zayem Lakhani to enhance its management team with his expertise in capital markets.
What is the significance of the Fenn-Gib project for Mayfair Gold?
The Fenn-Gib project is vital for Mayfair Gold, holding a significant mineral resource that supports their growth strategy.
How does Mayfair Gold engage with its stakeholders?
Mayfair Gold is committed to safety, environmental stewardship, and maintaining an open dialogue with its stakeholders during project development.
