Fairchild Gold Corp. announced a non-brokered private placement up to 10,000,000 units at a price of CAD 0.06 for the gross proceeds of CAD 600,000 on December 21, 2022. Each unit will consist of one common share and one whole transferable common share purchase warrant.

Each warrant will be exercisable to acquire one share at an exercise price of CAD 0.10 per share for a period of 36 months from the date of issuance. The transaction may also include certain insiders of the company and many acquire the units of the transaction. The company may pay finder's fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation.

Closing of the transaction is subject to approval of the TSX Venture Exchange. All the securities issued under the transaction, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.