The latest announcement is out from Fairchild Gold Corp. ( (TSE:FAIR) ).
Fairchild Gold Corp., a company involved in mineral exploration, has announced the closing of a non-brokered private placement, raising $810,000 through the issuance of 13,500,000 units. Each unit consists of one common share and one warrant, with the latter convertible into an additional share under certain conditions. The funds will be used for geophysical surveys and field work at their Nevada project, now rebranded as Nevada Titan, as well as for marketing and general working capital. The transaction involved related parties but was exempt from certain regulatory requirements due to its size relative to the company’s market capitalization.
More about Fairchild Gold Corp.
Average Trading Volume: 218,038
Technical Sentiment Signal: Buy
Current Market Cap: C$3.77M
For detailed information about FAIR stock, go to TipRanks’ Stock Analysis page.