Source: Churchill Resources Inc.
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  • Churchill Resources (CRI) is pleased to announce a non-brokered private placement to be sold to charitable buyers
  • The company will issue up to 3,750,000 flow-through common shares at a price of C$0.40 for gross proceeds of up to C$1,500,000
  • Churchill may elect to sell an additional 1,250,000 shares
  • Gross proceeds will be used for the exploration of the company’s key projects
  • The offering is expected to close on or about August 25, 2021
  • Churchill Resources Inc. (CRI) opened trading at C$0.32 per share

Churchill Resources (CRI) is pleased to announce a non-brokered private placement to be sold to charitable buyers.

The company will issue up to 3,750,000 flow-through common shares at a price of C$0.40 for gross proceeds of up to C$1,500,000.

Churchill may elect to sell an additional 1,250,000 shares to raise an additional C$500,000.

Red Cloud Securities Inc. is acting as a finder.

Gross proceeds will be used for the exploration of the company’s key projects, including its Taylor Brook Project in Newfoundland, its Pelly Bay Project in Nunavut, White River Project in Ontario and its recently optioned Florence Lake Project in Labrador.

The offering is expected to close on or about August 25, 2021, and is subject to receipt of approval from the TSX Venture Exchange.

Finder’s fees will be payable and finder warrants will be issuable to eligible finders

Churchill Resources currently holds four exploration projects, namely Taylor Brook and Florence Lake in Newfoundland, Pelly Bay in Nunavut and White River in Ontario. All four projects are at the evaluation stage. The primary focus of Churchill is on the continued exploration and development of the Taylor Brook and Florence Lake projects.

Churchill Resources Inc. (CRI) opened trading at C$0.32 per share.

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