- Churchill Resources (CRI) has announced a non-brokered private placement for gross proceeds of up to C$1,000,000
- The company will issue up to 6,666,667 flow-through units at a price of $0.15 per unit
- Net proceeds will be used to explore the company’s projects in Newfoundland and Labrador
- Churchill Resources is an exploration company
- Churchill Resources Inc. (CRI) opened trading at C$0.115 per share
Churchill Resources (CRI) has announced a non-brokered private placement for gross proceeds of up to C$1,000,000.
The company will issue up to 6,666,667 flow-through units at a price of $0.15 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of C$0.22 for a period of two years.
Net proceeds will be used to explore the company’s projects in Newfoundland and Labrador.
The offering is scheduled to close on or around December 30, 2022, subject to the receipt of all necessary approvals.
All securities issued will be subject to a statutory four-month hold period.
Eligible finders will receive a cash commission and broker warrants.
Churchill Resources is an exploration company that currently holds four projects; Taylor Brook in Newfoundland, Florence Lake in Labrador, Pelly Bay in Nunavut and White River in Ontario. The primary focus of Churchill is on the continued exploration and development of the Taylor Brook and Florence Lake Nickel Projects.
Churchill Resources Inc. (CRI) opened trading at C$0.115 per share.