Cullinan Metals Corp. Announces Financing
Cullinan Metals Corp. (CSE: CMT) (OTCQB: CMTNF) (the "Company" or "Cullinan") today announces a non-brokered private placement of 2,500,000 common shares ("Shares") at a price of CAD$0.16 per Share, for gross proceeds of up to CAD$400,000, with up to a further $240,000 in excess capacity at the Company's discretion (the "Offering"). The Shares will be subject to a 4-month hold period in all selling jurisdictions, starting from the Closing Date. Net proceeds from the Offering will be used for general administrative and working capital purposes. Related parties may participate and the Company may pay finders' fees to arms-length parties in consideration for introducing subscribers to the Offering. Completion of the Offering remains subject to the receipt of any required regulatory approvals, including the approval of the Canadian Securities Exchange.
On Behalf of the Board,
CULLINAN METALS CORP.
Marc Enright-Morin
CEO, Director
(604) 428-7050
About Cullinan Metals Corp.
Cullinan Metals Corp. is a Canadian mining and exploration company focused on the evaluation and potential development of energy metals. The Company is actively reviewing and pursuing opportunities in key energy resources, including copper, graphite, and lithium, in select jurisdictions worldwide.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include, but are not limited to, statements regarding management plans, future operations, and the appointment of a permanent Chief Financial Officer. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and future events may differ materially from those anticipated due to various risks and uncertainties, including those disclosed in the Company's management's discussion and analysis and other disclosure documents available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Canadian Securities Exchange website at www.thecse.com. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
