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Fairchild Gold Announces Closing of Final Tranche of Life Offering and Early Warning Report
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Fairchild Gold Corp. (TSXV: ...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Announces Closing of Final Tranche of Life Offering and Early Warning ReportVancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Fairchild Gold Corp. (TSXV: FAIR) (\"Fairchild\" or the \"Company\"), is pleased to announce that, further to its news releases dated August 13, 2025, August 22, 2025, August 27, 2025 and September 8, 2025, it has closed the final tranche of the non-brokered listed issuer financing exemption private placement of 13,189,998 units (\"Units\") at a price of C$0.06 per Unit for gross proceeds of C$791,400 (the \"Offering\"). The Company has raised aggregate gross proceeds of C$1,994,400, inclusive of C$1,203,000 from the first tranche closed on August 27, 2025.Each Unit consists of one common share of the Company (each, a \"Common Share\") and one-half of one common share purchase warrant (a \"Warrant\"). Each Warrant shall entitle the holder to purchase one Common Share of the Company at a price of C$0.10 at any time on or before that date which is 3 years after the closing date of the Offering. The Units were sold to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (together, the \"LIFE Exemption\").The Company intends to use the net proceeds of the Offering over the coming 12 months for project expenditures at the Company's Nevada Titan Project in Nevada, USA as well as general working capital purposes.The Units issued and sold under the Offering in reliance on the LIFE Exemption are not subject to a hold period pursuant to applicable Canadian securities laws. No finder's fee was paid in this Offering. The Offering remains subject to the final acceptance of the TSX Venture Exchange.Insiders from the Company subscribed for a total of 1,050,000 Units under the Offering. A subscription by an insider of the Company is considered to be a \"related party transaction\" of the Company within the meaning of Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company is exempt from ...