Fairchild Gold Corp. Bolsters Financial Position with Additional Unit Offering

Fairchild Gold Corp. (TSXV: FAIR) has announced an additional unit offering, raising $750,000 CAD ($600,000 USD) through the issuance of 15,000,000 Units at $0.06 per Unit. Each Unit consists of one common share and one common share purchase warrant, with an exercise price of $0.15 and a 60-month term. The net proceeds will be allocated to fully retire a $500,000 USD debt incurred through the acquisition of Goodsprings Exploration LLC and its Copper Chief Project in Nevada, with the remaining funds used for exploration in Nevada and general working capital purposes.

The additional capital raised from the unit offering will strengthen Fairchild's financial position and enable the company to focus on growth opportunities in the mining sector. The debt retirement will be interest-free, allowing Fairchild to allocate more resources towards exploration and development projects. The company anticipates closing the Offering on or about December 20, 2024.



The acceleration clause in the Warrants could potentially dilute shareholders if the share price appreciates significantly. However, it also provides an incentive for the Company to maintain a strong share price, as it would benefit from the exercise of the Warrants at a higher price. The net proceeds of the Offering will be used to retire debt and for general working capital purposes, which could improve the Company's financial position and potentially boost its share price in the long run.



Fairchild may pay up to 8% cash commission and issue 4% Finder's Shares and Finder's Warrants to eligible finders, agents, or brokers. The Offering is subject to final approval of the TSX Venture Exchange. With the additional capital raised, Fairchild will be well-positioned to prioritize its strategic acquisitions and investments, focusing on organic growth opportunities and enhancing its competitive position in the power management and analog semiconductor market.

In conclusion, Fairchild Gold Corp.'s additional unit offering is a strategic move that bolsters the company's financial position and enables it to focus on growth opportunities in the mining sector. The debt retirement and allocation of funds for exploration and working capital purposes will strengthen Fairchild's long-term prospects and provide value to shareholders. Investors should closely monitor Fairchild's progress as it integrates operations with ON Semiconductor and executes its strategic growth initiatives.