Churchill arranges $3-million private placement

Executive Summary

• Churchill Resources Inc. announced a fully‑committed, non‑brokered private placement of 37.5 million common shares at $0.08 per share, generating gross proceeds of $3 million.
• Net proceeds will be used to advance strategic assets in Newfoundland and Labrador (including the Black Raven antimony‑gold project), as well as for working capital and general corporate purposes.
• Finders’ fees will be paid both in cash (7% of gross proceeds) and via non‑transferable common share purchase warrants equal to 7% of the shares issued, exercisable at the issue price for 24 months.

Key Details

• Placement Size: 37.5 million common shares.
• Price per Share: $0.08 CAD.
• Gross Proceeds: $3 million CAD.
• Use of Proceeds: Advancement of strategic assets in Newfoundland and Labrador (Black Raven antimony‑gold project, Taylor Brook, Florence Lake), working capital, and general corporate purposes.
• Finders’ Compensation – Cash: 7.0% of gross proceeds paid to eligible finders as a cash commission.
• Finders’ Compensation – Warrants: Issuance of non‑transferable common share purchase warrants equal to 7.0% of the shares issued; each warrant convertible into one common share at $0.08 for a period of 24 months from issuance.
• Closing Date: Expected on or about September 25, 2025, subject to regulatory approvals (including TSX Venture Exchange).
• Regulatory Conditions: Completion contingent upon receipt of all applicable approvals.

Notable Quotes

(No direct quotes were provided in the release.)