On January 26, 2023, Fairchild Gold Corp. closed the transaction. The company has issued 2,730,000 units at an issue price of CAD 0.06 for the gross proceeds of CAD 163,800 in the third and final tranche.

Each whole Warrant is exercisable to acquire one Share at an exercise price of CAD 0.10 per Share until January 26, 2026 which is 36 months from the date of issuance. The Company will pay aggregate finder's fees of CAD 2,100 and 35,000 Share purchase warrants in connection with subscriptions from subscribers introduced to the transaction by Leede Jones Gable Inc. Each Finder's Warrant is exercisable to acquire one Share in the capital of the Company at an exercise price of CAD 0.15 per Share until January 26, 2025, which is 24 months from the date of issuance. The transaction remains subject to final approval of the TSX Venture Exchange.

The securities issued under the transaction, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.