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 to CAD 2,500,000 on July 10, 2024. Each unit will consist of one Common Share And 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 that is 24 months following the completion of the offering.

The transaction included participation from new investor Malik Easah, a director of the company, for 10,000,000 units. The company may pay to eligible finders a fee equal to 7% of the gross proceeds raised by the Company from the sale of Units to subscribers directly introduced to the company by such finders. The company may issue to eligible finders?

non-transferable warrants equal to 7% of the number of units sold in the offering to subscribers directly introduced to the company by such eligible finders. Each finder?s warrant will entitle the holder to acquire one common share at a price of CAD 0.05 per common share for a period of 24 months from the date of issuance. The offering is expected to close on or about July 19, 2024, 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.

The securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the closing date of the offering.