MiningNewsBreaks – Fairchild Gold (TSX-V: FAIR; OTCQB: FCHDF; Frankfurt: Y4Y) Details $3.5M Note and Royalty Terms for Golden Arrow Acquisition
This article has been disseminated on behalf of Fairchild Gold Corp. and may include paid advertising. Fairchild Gold (TSX-V: FAIR; OTCQB: FCHDF; Frankfurt: Y4Y) provided additional details on its previously announced arm’s length acquisition of a 100% interest in the Golden Arrow Property, outlining a US$3.5 million senior secured promissory note payable to Emergent Metals Corp., bearing 8.5% interest over a five-year term and secured by the property assets. The agreement includes step-up provisions that could increase the principal to US$5 million if not repaid within four years, alongside a 0.5% net smelter return royalty with buyout options, and the assumption of existing…