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An update from Fairchild Gold Corp. ( (TSE:FAIR) ) is now available.
Fairchild Gold Corp. has announced the closing of the first tranche of its non-brokered private placement, raising C$1,203,000 through the sale of 20,050,000 units. The proceeds will be used for project expenditures at the Copper Chief Project in Nevada and general working capital. The offering, which is subject to final TSX Venture Exchange acceptance, includes participation from an insider, Mr. Shahal Khan, who has increased his stake in the company significantly. This move is expected to bolster Fairchild’s financial position and support its ongoing exploration activities.
More about Fairchild Gold Corp.
Fairchild Gold Corp. is a mineral exploration company focused on acquiring, exploring, and developing high-quality mineral properties in mining-friendly jurisdictions. The Company’s flagship project is the Nevada Titan Project located in the historic Goodsprings mining district in Nevada, USA.
Average Trading Volume: 196,524
Technical Sentiment Signal: Buy
Current Market Cap: C$5.49M
See more data about FAIR stock on TipRanks’ Stock Analysis page.