Fairchild Gold Corp.: Fairchild Gold Completes Acquisition of Golden Arrow Property
Fairchild Gold Corp. (TSXV: FAIR) says it has completed its arm’s-length acquisition of a 100% interest in the Golden Arrow Property near Tonopah, Nevada, from Emergent Metals Corp. (TSXV: EMR). Consideration includes US$600,000 cash, 12.5M FAIR shares at C$0.055, a US$3.5M senior note at 8.5%, and a 0.5% NSR royalty, plus a ~US$40,000 BLM guarantee.