Mithril Guard's Thane Boradun is retiring along with two trusted officers, so a ceremony is held to honour both them and the old Thane Truesong, as well as pass the reigns to Thane Grov Blackbeard-Wildhammer. - As posted in the ingame calendar by Grov.
So: first of august - coronation of the new Thane of the Mithril Guard! Again? Oh yes! Come one, come all!
20:00 server time.