Fairchild Gold increases financing to $1.44-million

Executive Summary

• Fairchild Gold Corp. upsized its non‑brokered financing from $1.2 M to up to $1.44 M, issuing up to 24 million units at C$0.06 per unit.
• The offering consists of one common share and half a warrant per unit; warrants allow purchase of shares at C$0.10 for three years after closing.
• First tranche expected to close ~Aug 27 2025 (≈C$1.2 M); final tranche by ~Sept 8 2025. Net proceeds will fund the Copper Chief project in Nevada and general working capital.

Key Details

• Upsized Offering Size: Up to C$1.44 million (increase from $1.2 million).
• Units Offered: Up to 24 million units at C$0.06 per unit.
• Unit Composition: 1 common share + ½ warrant per unit.
• Warrant Terms: Each whole warrant permits purchase of one common share at C$0.10, exercisable any time up to three years after the closing date of the upsized offering.
• Closing Schedule:
• First tranche – on or about Aug 27 2025 for gross proceeds of ~C$1.2 million.
• Final tranche – on or about Sept 8 2025.
• Regulatory Basis: Prospectus‑exempt, listed issuer financing exemption under NI 45‑106 and Coordinated Blanket Order 45‑935.
• Use of Proceeds: Project expenditures for the Copper Chief project in Nevada (U.S.) and general working capital over the next 12 months.
• Approvals Required: TSX Venture Exchange and other regulatory approvals.

Notable Quotes

(No direct quotes provided in the release.)