Mr. Nikolas Perrault reports
FAIRCHILD GOLD ANNOUNCES FULLY COMMITTED PRIVATE PLACEMENT FINANCING WITH A EUROPEAN STRATEGIC INVESTOR
Fairchild Gold Corp. has arranged a non-brokered private placement financing. The fully committed placement, the majority of which is being subscribed by a European strategic investor, is expected to close on or about Oct. 17, 2025, subject to customary regulatory approvals.
The offering will consist of up to 12,222,222 units at a price of nine cents per unit for total gross proceeds of approximately $1.1-million. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 15 cents 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 50 cents per common share for a period of five consecutive trading days, beginning 12 months after the closing date of the offering, the company may, within five 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 10 calendar days after the date on which such notice is given.
The offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued under the offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the offering. No finders' fees will be paid in connection with the offering.
Proceeds of the offering will be used to advance the company's Nevada gold projects and for general working capital purposes.
Nikolas Perrault, CFA, executive chairman of Fairchild, stated,
"This swiftly executed financing led by a seasoned European-based strategic investor is a strong vote of confidence in the company's focused value creation strategy as it accelerates its ongoing efforts in Nevada."
About Fairchild Gold Corp.
Fairchild is a mineral exploration company focused on acquiring, exploring and developing high-quality mineral properties in mining-friendly jurisdictions. The company's flagship Nevada Titan project is in the historic Goodsprings mining district in Nevada, United States. The company is also the 100-per-cent owner of the Fairchild Lake property consisting of 108 mining claims covering an area of 2,224 hectares, located approximately 250 kilometres northwest of the city of Thunder Bay in the Patricia mining division, Ontario.
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