VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 22, 2014) - Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") is pleased to announce a private placement (the "Private Placement") of 2` million units (the "Units"). Each Unit consists of one common share (a "Share") and one half Share purchase warrant (a "Warrant") at a price of $0.15 per Unit. Each full Warrant will entitle the holder to purchase one Share for a period of 12 months at an exercise price of $0.25 per Share (the "Warrant Term").
