Fairchild Gold arranges $1.2-million private placement

Executive Summary

• Fairchild Gold Corp. announced a non‑brokered private placement of up to 20 million units at C$0.06 per unit, targeting gross proceeds of up to C$1.2 million.
• Each unit consists of one common share and one half‑warrant (full warrant = right to purchase one share at C$0.10 within three years).
• Net proceeds are earmarked for project expenditures on the Copper Chief project in Nevada and for general working capital over the next 12 months.

Key Details

• Units Offered: Up to 20 million units (each = 1 common share + ½ warrant).
• Price per Unit: C$0.06 (six cents).
• Gross Proceeds Target: Up to C$1.2 million.
• Warrant Terms: Whole warrant allows purchase of one common share at C$0.10; exercisable any time up to three years after closing date.
• Offering Structure: Non‑brokered private placement under NI 45‑106 listed issuer financing exemption (excluding Quebec).
• Closing Timeline: One or more tranches, expected on or about August 25, 2025, subject to regulatory approvals including TSX Venture Exchange.
• Use of Proceeds: Project expenditures for the Copper Chief project in Nevada and general working capital over the next 12 months.
• Regulatory Compliance: Subject to NI 45‑106 prospectus exemptions and Coordinated Blanket Order 45‑935; offering document available on SEDAR+ and company website.

Notable Quotes

(No executive quotes were provided in the release.)