Business
Fairchild Gold Announces Closing of Private Placement Financing and Early Warning Report
Vancouver, British Columbia and Las Vegas, Nevada--(Newsfile Corp. - February 20, 2026) - Fairchi...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Announces Closing of Private Placement Financing and Early Warning ReportVancouver, British Columbia and Las Vegas, Nevada--(Newsfile Corp. - February 20, 2026) - Fairchild Gold Corp. (TSXV: FAIR) (FSE: Y4Y) (OTCQB: FCHDF) (\"Fairchild\" or the \"Company\"), is pleased to announce the closing of its previously announced non-brokered private placement financing for gross proceeds of C$1,245,712 (the \"Offering\"). In connection with the closing of the Offering, the Company issued 13,841,249 units (the \"Units\") at a price of $0.09 per UnitEach Unit is comprised of one common share (a \"Common Share\") in the capital of the Company and one common share purchase warrant (a \"Warrant\"), whereby each whole Warrant shall be convertible into an additional Common Share at an exercise price of $0.15 for a period of sixty (60) months from the date of issuance. The Warrants include an acceleration clause to the effect that if the daily volume weighted average closing price of the common shares on the TSX Venture Exchange is at least $0.50 per Common Share for a period of five (5) consecutive trading days, 12 months after the closing date of the Offering (the \"Triggering Event\"), the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 10 calendar days after the date on which such notice is given by the Company announcing the Triggering Event.No finder's fee was paid in this Offering. The Common Shares and Warrants issued under the Offering will be subject to a statutory hold period expiring four months and one day from the date of issuance or longer for certain subscribers. The Offering remains subject to final approval of the TSX Venture Exchange. Proceeds of the Offering will be used to advance the Company's Nevada gold projects and for general working capital purposes.An insider from the Company subscribed indirectly for a total of 1,200,000 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 - Protecti...