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Emergent Metals corp. Signs Definitive Agreement to Sell its Golden Arrow Property to Fairchild Gold Corp.
(TheNewswire)   Vancouver, British Columbia – TheNewswire - March 24, 2026 &#...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emergent Metals corp. Signs Definitive Agreement to Sell its Golden Arrow Property to Fairchild Gold Corp.\n(TheNewswire)\n\n\n\n \n\n\nVancouver, British Columbia –\nTheNewswire - March 24, 2026 – Emergent Metals Corp.\n(TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) (“Emergent” or the “Company”) is\npleased to announce that the Company has entered into an asset\npurchase agreement dated March 23, 2026 (the “Definitive Agreement”) with\nFairchild Gold Corp. (TSXV:\nFAIR) (“Fairchild”) to sell Emergent’s Golden\nArrow Property (the “Property”) to Fairchild (the “Transaction”). The\nProperty is an advanced-stage gold and silver exploration property\nconsisting of 17 patented and 494 unpatented mineral claims located\nnear Tonopah, Nevada.  \n\n\n \n\n\nThe Definitive Agreement is between Emergent, Fairchild\nand companies’ wholly owned Nevada subsidiaries, and includes the\nfollowing material terms:\n\n\n \n\n\nCash Payments\n\n\n \n\n\n\nOn approval of the Transaction by the TSX Venture\nExchange (the Exchange”), Fairchild will pay Emergent\nUS$350,000. This payment is in addition to the non-refundable deposit\nof US$250,000 that Fairchild previously paid the Company upon the\nexecution of a binding memorandum of understanding in respect of the\nTransaction. \n\n\n\n \n\n\nCommon Shares\n\n\n \n\n\n\nOn approval of the Transaction by the Exchange,\nFairchild will issue an aggregate of 12,500,000 common shares (the\nCommon Shares”) to Emergent at a deemed price per Common Share equal to\nthe closing price of the Common Shares on the Exchange on the last\ntrading day immediately prior to the date of issuance. \n\n\n\n \n\n\nSenior Secured Note\n\n\n \n\n\n\nOn approval of the Transaction by the Exchange,\nFairchild will issue a senior secured promissory note in the principal\namount of US$3,500,000 (the Note”) in favor of Emergent that provides as\nfollows: \n\n\n\n \n\n\n\n\n\nTerm:  Five (5) years from the date of the Definitive\nAgreement (the “Maturity\nDate”); \n\n\n\nInterest Rate:  8.5% per annum, payable semi-annually,\nin arrears, in cash; \n\n\n\nSecurity:  The Note shall be secured by a...