Business
Fairchild Gold Upsizes Its Non-Brokered Life Offering of Units to C$1.9944 Million and Announces Final Tranche Closing Date
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - Fairchild Gold Corp. (TS...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Upsizes Its Non-Brokered Life Offering of Units to C$1.9944 Million and Announces Final Tranche Closing DateVancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - Fairchild Gold Corp. (TSXV: FAIR) (\"Fairchild\" or the \"Company\"), is pleased to announce that it has amended the terms of its previously announced non-brokered financing to increase for the last time the size of the offering from C$1.44 million to up to C$1.9944 million, which is inclusive of the first tranche closed on August 27, 2025 (the \"Upsized Offering\"), due to increased investor demand. The offering is fully allocated up to the maximum permitted size. As such, the Company will not be able to increase the offering further.Under the terms of the Upsized Offering, the Company intends to sell up to 33,240,000 units of the Company (the \"Units\") at a price per Unit of C$0.06 (the \"Issue Price\") for aggregate gross proceeds to the Company of up to C$1,994,400, inclusive of the first tranche closed on August 27, 2025 for gross proceeds of C$1,203,000, to be issued and sold on a prospectus-exempt basis pursuant to the 'listed issuer financing exemption' under applicable Canadian securities laws, and subject to all necessary regulatory and stock exchange approvals. Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one-half warrant. Each whole warrant (a \"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 Upsized Offering.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units will be offered for sale to purchasers in each of the provinces and territories of Canada, including Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the \"Listed Issuer Financing Exemption\"). As the Upsized Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued pursuant to the Off...