Fairchild Gold closes $1.1-million private placement

Executive Summary

• Fairchild Gold Corp. closed its previously announced non-brokered private placement financing on October 16, 2025.
• The company raised gross proceeds of $1,100,047.93 by issuing 12,222,777 units at a price of $0.09 per unit.
• Proceeds are designated for advancing the company's Nevada gold projects and for general working capital purposes.

Key Details

• Gross Proceeds: $1,100,047.93
• Units Issued: 12,222,777 units
• Price Per Unit: $0.09
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each whole warrant is convertible into one additional common share.
  • Exercise Price: $0.15 per share.
  • Duration: 60 months from the date of issuance.
  • Acceleration Clause: If the daily volume-weighted average closing price on the TSX Venture Exchange is at least $0.50 for five consecutive trading days (starting 12 months after closing), the company may accelerate the expiry date by giving notice, causing warrants to expire 10 calendar days after the notice date.
• Finder's Fee: None paid.
• Statutory Hold Period: Four months and one day from the date of issuance (or longer for certain subscribers).
• Use of Proceeds: Advancing Nevada gold projects and general working capital.
• Regulatory Status: Subject to final approval of the TSX Venture Exchange.

Notable Quotes

• No direct quotes from management were included in the provided text.