Fairchild Gold increases financing to $1.99-million

Executive Summary

• Fairchild Gold Corp. upsized its non‑brokered LIFE financing to a total of up to C$1.9944 million, fully allocating the offering.
• The company sold 33,240,000 units at C$0.06 per unit; the first tranche closed on Aug. 27 2025 for C$1.203 M and the final tranche is expected to close around Sept. 10 2025 for approximately C$0.791 M.
• Net proceeds will fund project expenditures at the Copper Chief project in Nevada and general working capital over the next 12 months.

Key Details

• Offering Size: Increased from $1.44 M to up to $1,994,400 (C$).
• Units Offered: Up to 33,240,000 units; each unit = 1 common share + ½ warrant.
• Price per Unit: C$0.06.
• First Tranche: Closed Aug. 27 2025 – 20.05 M units issued for gross proceeds of $1,203,000.
• Final Tranche: Expected closure on or about Sept. 10 2025 – gross proceeds ≈ $791,400.
• Warrant Terms: Each whole warrant (½ per unit) allows purchase of one common share at C$0.10, exercisable any time up to three years after the closing date of the upsized offering.
• Regulatory Basis: Offered on a prospectus‑exempt basis under the Listed Issuer Financing Exemption (LIFE) pursuant to NI 45‑106 and related blanket orders. No hold period applies.
• Insider Participation: Allowed; treated as a related‑party transaction under MI 61‑101 with exemptions from formal valuation and minority shareholder approval because fair market value is not expected to exceed 25 % of market cap.
• Use of Proceeds: Primarily for project expenditures at the Copper Chief (Nevada) project and general working capital over the next 12 months.
• Correction Notice: Clarifies that each unit consists of one common share and one‑half warrant (previously misstated as a full warrant). No other information changed.

Notable Quotes

(No CEO/President quotes provided in the release.)