Churchill Resources Announces Exercise of Warrants for Proceeds of $3.75 Million

Company Overview - Churchill Resources Inc. is a Canadian exploration company focused on strategic, critical minerals in Canada, particularly at its Black Raven project, which includes the historic Frost Cove Antimony Mine and Stewart Gold Mine, as well as its Taylor Brook and Florence Lake properties in Newfoundland & Labrador [6] Recent Developments - Churchill announced the exercise of 25,000,000 common share purchase warrants at a price of $0.15 per share, resulting in an addition of $3,750,000 to the company's treasury [1] - Mr. Malik Easah, a director of Churchill, acquired 10,000,000 common shares through the exercise of 10,000,000 warrants, which is reported under Canadian securities legislation [2] Shareholder Information - Prior to the acquisition, Mr. Easah owned 32,463,000 common shares, 20,000,000 warrants, and 3,200,000 options, representing approximately 11.32% of the issued and outstanding common shares on a diluted basis [3] - After the exercise of the warrants, Mr. Easah's ownership increased to 42,463,000 common shares, representing approximately 14.32% on a non-diluted basis [3] Investment Intent - Mr. Easah acquired the common shares for investment purposes and may consider acquiring additional shares or disposing of some based on market conditions and other relevant factors [4]