Fairchild Gold secures C$1.2 million private placement financing

Fairchild Gold Corp. (TSXV: FAIR) announced a fully committed private placement financing expected to close February 20, 2026, subject to regulatory approvals. The company stated the majority of the placement is being subscribed by a North American strategic investor.

The offering consists of approximately 13.8 million units priced at C$0.09 per unit, generating total gross proceeds of C$1,242,000. Each unit includes one common share and one warrant allowing the purchase of an additional share at $0.15 for five years from closing.

The warrants contain an acceleration clause that permits the company to expedite the expiry date if the daily volume-weighted average closing price reaches at least $0.50 per share for five consecutive trading days, beginning 12 months after closing. In such cases, warrant holders would receive 10 calendar days notice before expiration.

The securities will be subject to a four-month-and-one-day hold period under Canadian securities laws. No finder's fees will be paid in connection with the offering. The company plans to use proceeds to advance its Nevada gold projects and for general working capital purposes.

"This rapidly executed financing led by a private North American based Strategic Investor is a yet another strong vote of confidence in the Company's focused value creation strategy," said Nikolas Perrault, Executive Chairman.

Fairchild Gold operates mineral exploration and development projects focusing on copper, gold and silver assets across North America. The company's Nevada portfolio includes the Nevada Titan property in the Goodsprings Mining District, the Golden Arrow property in the Walker Lane Shear Zone, and the Carlin Queen project located at the intersection of the Carlin and Midas-Hollister gold trends.

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