Mr. Nikolas Perrault reports
FAIRCHILD ANNOUNCES EXPIRATION OF WARRANTS AND GRANT OF SECURITY-BASED COMPENSATION
Fairchild Gold Corp. has granted incentive stock options and restricted share units (RSUs) to a consultant of the company.
The company granted options to purchase an aggregate 1.5 million common shares of the company exercisable at 10 cents per common share. The options vest immediately and each option is exercisable into one common share and will expire five years from the date of grant.
The company also granted a total of one million RSUs. The RSUs will vest over a 24-month period, with one-half vesting on the first-year anniversary of the grant date and the balance vesting on the second-year anniversary. Once vested, each RSU entitles the holder to receive one common share.
Prior to this grant, there were 13,125,000 options and 6.3 million RSUs outstanding. All securities issued will be subject to restrictions on resale for a period of four months and one day following the original issuance of such securities, in accordance with the policies of the TSX Venture Exchange and subject to the terms of the equity incentive plan of the company.
Expiration of warrants
The company further announces that an aggregate of 4,049,835 warrants expired on Jan. 6, 2026. The warrants were originally issued on Jan. 6, 2023, and were exercisable at a price of 10 cents per warrant for the acquisition of one common share of the company.
About Fairchild Gold Corp.
Fairchild Gold is a public company engaged in the business of mineral exploration, development and acquisition of copper and gold assets in mining-friendly jurisdictions across North America. The company is committed to identifying and developing high-quality resource properties in Nevada with strong geological resource potential. Its strategy focuses on creating long-term shareholder value through disciplined exploration, strategic partnerships and responsible development practices. Fairchild Gold's recently assembled trinity of Nevada properties includes Nevada Titan, Fairchild's flagship property, located in the Goodsprings mining district in Nevada, an area known for historical high-grade copper/gold/platinum group element mining. In more recent times, Nevada Titan was also highlighted for its near-surface antimony and cobalt potential.
That was followed by an MOU (memorandum of understanding) toward the acquisition of the advanced-stage Golden Arrow property in the prolific Walker Lane shear zone, encompassing two principal resource areas, with a combined measured plus indicated and inferred resource base as outlined in a National Instrument 43-101 report written by Mine Development Associates.
Finally, Fairchild holds the Carlin Queen property, another advanced-stage gold-silver project, located at the intersection of the Carlin and Midas-Hollister gold trends. Fairchild Gold is leveraging the potential of these three properties by utilizing the outstanding mineral resources support Nevada provides.
We seek Safe Harbor.
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