Core Viewpoint - Fairchild Gold Corp. announces a non-brokered private placement financing expected to close around October 17, 2025, primarily backed by a European Strategic Investor [1][4]. Financing Details - The Offering will consist of up to 12,222,222 units priced at C$0.09 per unit, aiming for total gross proceeds of approximately C$1,100,000 [2]. - Each unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.15 for five years [2]. - An acceleration clause is included, allowing the company to expedite the expiry of warrants if the share price exceeds $0.50 for five consecutive trading days after 12 months from the closing date [2]. Regulatory and Use of Proceeds - The Offering is subject to necessary regulatory approvals, including from the TSX Venture Exchange, and securities will have a hold period of four months and one day post-closing [3]. - Proceeds will be utilized to advance the Company's Nevada gold projects and for general working capital [3]. Company Overview - Fairchild Gold Corp. focuses on acquiring, exploring, and developing high-quality mineral properties, with its flagship project being the Nevada Titan Project [5]. - The company also owns the Fairchild Lake Property, comprising 108 mining claims over 2,224 hectares in Ontario [5].
FAIRCHILD GOLD ANNOUNCES FULLY COMMITTED PRIVATE PLACEMENT FINANCING WITH A EUROPEAN STRATEGIC INVESTOR
Globenewswire·2025-10-14 12:45