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Fairchild Gold Corp. ( (TSE:FAIR) ) has provided an update.
Fairchild Gold Corp. announced the successful closing of its oversubscribed non-brokered private placement financing, raising C$1,080,000. The proceeds will be used to advance the company’s properties in Nevada and for general working capital purposes. The offering involved issuing 18,000,000 units, each comprising one common share and one warrant, with specific conditions for warrant acceleration. This financing move underscores Fairchild’s strategic focus on expanding its mineral exploration activities and enhancing its operational capabilities in key mining areas.
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 Nevada Titan Project is located in the historic Goodsprings mining district in Nevada, USA. Additionally, Fairchild Gold Corp. owns the Fairchild Lake Property, consisting of 108 mining claims in Ontario, Canada.
Average Trading Volume: 271,291
Technical Sentiment Signal: Buy
Current Market Cap: C$11.28M
Learn more about FAIR stock on TipRanks’ Stock Analysis page.