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Fairchild Gold Announces Oversubscribed Private Placement Financing with European Investors
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Fairchild Gold Corp. (T...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Announces Oversubscribed Private Placement Financing with European InvestorsVancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Fairchild Gold Corp. (TSXV: FAIR) (\"Fairchild\" or the \"Company\"), is pleased to announce a non-brokered private placement financing with European investors (the \"Offering\"). The Offering is oversubscribed and is expected to close on or about September 18, 2025, subject to customary regulatory approvals.The Offering will consist of up to 18,000,000 units (the \"Units\") at a price of C$0.06 per Unit, for total gross proceeds of approximately C$1,080,000. Each Unit will consist of one common share in the capital of the Company (each, a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.15 per Share for a period of five years from closing of the Offering. The Warrants will include an acceleration clause stating 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, beginning 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. Notice will be provided to the holders of the Warrants by way of a news release, and in such case, the Warrants will expire on the first day that is ten (10) calendar days after the date on which such notice is given.Insiders of the Company may participate in the Offering. The issuance of securities to insiders will be considered a \"related party transaction\" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company intends to rely on the exemption set forth in section 5.5(a) of MI 61-101 from the formal valuation requirements of MI 61-101 and the exemption set forth in section 5.7(1)(a) of MI 61-101 from minority shareholder approval requirements of MI 61-101 in respect of such insider participation as the fair market value of the Upsized Offering, insofar as it involves interested parties, is not expected exceed 25% of the Company's market capitalization.The Offering is subject to all nece...