Churchill Announces Fully Committed $3 Million Private Placement
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Churchill Announces Fully Committed $3 Million Private Placement
TORONTO, September 16, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill”
or the “Company”) (TSXV: CRI) is pleased to announce a fully committed non-brokered private
placement of 37,500,000 common shares in the capital of the Company (each, a “Common Share”)
at a price of $0.08 per Common Share (the “Issue Price”) for total gross proceeds of $3 million
(the “Offering”).
The net proceeds of the Offering are expected to be used by the Company to advance its strategic
assets in Newfoundland & Labrador, including the Black Raven Antimony-Gold Project ( which
hosts the past producing Frost Cove antimony mine) and for working capital and general corporate
purposes.
The Company expects to pay finder’s fees in connection with the Offering to certain eligible
finders in the form of: (i) a cash commission equal to 7.0% of the gross proceeds raised under the
Offering from investors introduced to the Company by eligible fi nders; and (ii) the issuance of
such number of non-transferable common share purchase warrants of the Company (the “Finder’s
Warrants”) equal to 7.0% of the Common Shares issued pursuant to the Offering from investors
introduced to the Company by eligible finders. Each Finder’s Warrant shall be exercisable into
one Common Share at the Issue Price for a period of 24 months following the date of issuance.
Closing of the Offering is expected to occur on or about September 25, 2025, and is subject to the
satisfaction of certain conditions, including receipt of all applicable regulatory approvals including
the approval of the TSX Venture Exchange (the “TSXV”).
About Churchill Resources
Churchill Resources Inc. is a Canadian exploration company focused on strategic, critical minerals
in Canada, principally at its prospective Black Raven, Taylor Brook and Florence Lake properties
in Newfoundland & Labrador. The Churchill management team, board, and advisors have decades
of combined experience in mineral exploration and in the establishment of successful publicly
listed mining companies, both in Canada and around the world. Churchill’s Newfoundland and
Labrador projects have the potential to benefit from the province’s large and diversified minerals
industry, which includes world class nickel mines and processing facilities, and a well-developed
mineral exploration sector with locally based drilling and geological expertise.
Further Information
For further information regarding Churchill, please contact:
Churchill Resources Inc.
Conan McIntyre, Chief Executive Officer
Tel. +1 416.272.4738
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Email: [email protected]
Paul Sobie, President
Tel. 416.365.0930 (o) 647.988.0930 (m)
Email: [email protected]
FORWARD-LOOKING STATEMENTS
This news release contains certain forward -looking statements, including, but not limited to, statements about
Churchill’s objectives, goals and exploration activities proposed to be conducted on its properties; future growth
potential of Churchill, includ ing whether any proposed exploration programs at any of its properties will be
successful; exploration results; and future exploration plans and costs. Wherever possible, words such as “may”,
“will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipa te”, “believe”, “estimate”, “predict” or
“potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify
these forward-looking statements. In particular, this release contains forward-looking information relating to, among
other things, the Offering, including receipt of all required regulatory approvals; the proposed use of proceeds from
the Offering; the Company's objectives, goals and exploration activities conducted and proposed to be conducted at
the Company's properties; future growth potential of the Company, including whether any proposed exploration
programs at any of the Company's properties will be successful; exploration results; and future exploration plans and
costs and financing availability.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully and readers should not place undue reliance on the forward-
looking statements. Such factors, among other things, include: the receipt of all applicable regulatory approvals for
the Offering; the completion of the Offerin g on the terms described herein, or at all; the expected benefits to the
Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; failure
to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test
results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any
exploration programs on the Churchill’s properties, if required; fluctuations in genera l macroeconomic conditions;
fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other
commodities; change in national and local government, legislation, taxation, controls, regulations and polit ical or
economic developments; risks and hazards associated with the business of mineral exploration, development and
mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins
and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations
that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims
by local communities and indigenous populations; availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary
licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are
ultimately developed into producing mines; geological factors; actual results of current and future exploration;
changes in project parameters as plans continue to be evaluated; soil sampling results being pr eliminary in nature
and are not conclusive evidence of the likelihood of a mineral deposit; and title to properties. Although the forward-
looking statements contained in this news release are based upon what management believes to be reasonable
assumptions, Churchill cannot assure readers that actual results will be consistent with these forward -looking
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statements. These forward-looking statements are made as of the date of this news release, and the Churchill assumes
no obligation to update or revise them to reflect new events or circumstances, except as required by law. Neither the
TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.