Business
Fairchild Gold Corp. Enters into Engagement Letter for Financing by way of a Short Form Prospectus
(TheNewswire) Langley, British Columbia - TheNewswire – November 2...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Corp. Enters into Engagement Letter for Financing by way of a Short Form Prospectus\n \n \n (TheNewswire)\n \n \n \n \n \n \n Langley, British Columbia -\n \n \n TheNewswire\n \n \n – November 26, 2021 – Fairchild Gold\nCorp.\n \n \n (TSXV:FAIR) (“\n \n \n Fairchild\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) is pleased to announce that it has entered into an\nengagement letter (the “\n \n \n Agreement\n \n \n ”) with Leede Jones Gable (the\n“\n \n \n Agent\n \n \n ”), pursuant to which the Company intends to distribute, by\nway of a short form prospectus (the “\n \n \n Offering\n \n \n ”), a\nminimum of 7,000,000 units (each a “\n \n \n Unit\n \n \n ”)  and a\nmaximum of 10,000,000 Units of the Company at a price of $0.20 per\nUnit (the “\n \n \n Issue\nPrice\n \n \n ”), for minimum gross proceeds of\n$1,400,000 (the “\n \n \n Minimum\nOffering\n \n \n ”) and maximum gross proceeds of\n$2,000,000 (the “\n \n \n Maximum\nOffering\n \n \n ”). Each Unit will be comprised of one\ncommon share in the share capital of the Company (each, a\n“\n \n \n Common Share\n \n \n ”) and one common share purchase warrant of the Company\n(each, a “\n \n \n Warrant\n \n \n ”). Each Warrant will entitle the\nholder thereof to purchase one Common Share (each, a “\n \n \n Warrant Share\n \n \n ”) at\nan exercise price of $0.30 per Warrant Share no later than as of 60\nmonths of the closing of the Offering. The Company will apply to list\nthe Warrants issued pursuant to the Offering as a supplemental listing\non the TSX Venture Exchange (the “\n \n \n Exchange\n \n \n ”).\n \n \n \n \n The Company will also grant the Agent the option (the\n“\n \n \n Over-Allotment\nOption\n \n \n ”), exercisable in whole or in part by\nthe Agent giving notice to the Company at any time up to the closing\nof the Offering, to sell up to an additional 15% worth of Units sold\npursuant to the Offering (the “\n \n \n Additional Units\n \n \n ”) at the Issue Price. The\nAgent shall be under no obligation whatsoever to exercise the\nOver-Allotment Option, in whole or in part. If the Offering is fully\nsubscribed and the Over-Allotm...