Churchill Resources Inc. announced a non-brokered private placement of up to 50,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up CAD 2,500,000 on October 11, 2023. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of CAD 0.15 at any time prior to the date which is two years following the completion of the transaction.

The transaction will include participation from a consortium of high-net-worth individuals. The closing expected to occur in two tranches: a first tranche of CAD 500,000 of units to close on or about October 17, 2023, with the balance of the transaction expected to close on or about November 10, 2023. The transaction is subject to the receipt of certain documentation and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.