Fairchild Gold closes C$1.1 million private placement financing

Fairchild Gold Corp. (TSXV: FAIR) completed a non-brokered private placement financing on October 16, 2025, raising gross proceeds of C$1,100,047.93, according to a company statement.

The company issued 12,222,777 units at C$0.09 per unit. Each unit consists of one common share and one warrant, with each warrant convertible into an additional common share at an exercise price of C$0.15 for 60 months from the issuance date.

The warrants include an acceleration provision. If the daily volume weighted average closing price of common shares on the TSX Venture Exchange reaches at least C$0.50 per share for five consecutive trading days after 12 months from closing, the company may accelerate the warrant expiry date to 10 calendar days after providing notice.

No finder's fees were paid for the offering. The securities will be subject to a statutory hold period of four months and one day from issuance, or longer for certain subscribers. The offering requires final approval from the TSX Venture Exchange.

Fairchild Gold plans to use the proceeds to advance its Nevada gold projects and for general working capital purposes. The company is a mineral exploration firm focused on the Nevada Titan Project in the Goodsprings mining district and owns the Fairchild Lake Property in Ontario, consisting of 108 mining claims covering 2,224 hectares.

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