Fairchild Gold Signs Definitive Agreement to Acquire the Golden Arrow Property

Core Viewpoint - Fairchild Gold Corp. has entered into a definitive asset purchase agreement to acquire the Golden Arrow Property from Emergent Metals Corp., marking a significant step in its growth strategy in the mineral exploration sector [1][4]. Transaction Details - The consideration for the acquisition includes USD$600,000 in cash, 12,500,000 common shares, a USD$3,500,000 senior secured note, and a 0.5% net smelter returns royalty on the Property [2][10]. - The company is also required to fund approximately USD$40,000 for a reclamation bond upon closing [2]. Regulatory and Approval Process - The transaction is classified as a Reviewable Acquisition and a Fundamental Acquisition under TSXV Policy 5.3, requiring shareholder approval and TSXV's conditional approval for completion [4][5]. - A technical report on the Golden Arrow Property has been filed in compliance with National Instrument 43-101, and it is available for review [6]. Company Overview - Fairchild Gold Corp. is focused on mineral exploration and development of copper, gold, and silver assets in North America, particularly in Nevada [8][9]. - The company aims to create long-term shareholder value through disciplined exploration and strategic partnerships [9].