Cullinan Metals Announces Proposed Share Consolidation and Private Placement
(CSE: CMT) (OTCQB: CMTNF) (FWB: 7KO)
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04-669-9788 [email protected] cullinanmetals.com
Cullinan Metals Announces
Proposed Share Consolidation and Private Placement
Vancouver, B.C., January 7, 2025 – Cullinan Metals Corp. (CSE: CMT)(OTCQB: CMTNF)
("Cullinan" or the “Company”) wishes to announce that the Company’s Board of Directors has
approved a consolidation of all of its issued and outstanding common shares on the basis of 10 pre-
consolidated Common Shares for one post-consolidated Common Share (the "Share Consolidation").
The record date, effective date of the Share Consolidation and the new CUSIP and ISIN numbers will be
disclosed in a subsequent news release. There will be no change in the Company’s name and trading
symbols.
The Company also announces a non-brokered private placement (the "Offering") of up to 3,300,000 post-
Consolidation units of the Company (each, a "Unit") at a price of $0.10 per Unit to raise gross proceeds of
up to $330,000. Each Unit will consist of one post-Consolidation common share (each, a "Share") and one
post-Consolidation common share warrant ( each, a "Warrant"). Each Warrant will entitle the holder to
acquire one Share at a price of $0.10 per Share for a period of two years following closing of the Offering.
Closing of the Share Consolidation and the Offering is subject to the approval of the Canadian Securities
Exchange. All securities to be issued pursuant to the Offering will be subject to a hold period of four
months and one day from the date of issuance in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
About Cullinan Metals Corp.
Cullinan M etals C orp. is a Canadia n mining and e xploration company focused on the
development of energy metals. Cullinan is focused on key energy resources such as the
development of copper, graphite and lithium assets around the world.
Neither th e C anadian S ecurities E xchange no r its regulation services provider ac cepts
responsibility for th e a dequacy o f ac curacy o f this release. No stock e xchange, s ecurities
commission or other regulatory authority has approved o r disapproved the info rmation contain
herein.
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Forward-Looking Statements
Forward-looking statements in this news release may include, but are not limited to, statements relating
to those in respect of the proposed Share Consolidation and the Offering, including the size, pricing and
timing of the Offering thereof, the type of securities being offered thereunder, the investors participating
therein, the intended use of proceeds therefrom, and the conditions and approvals required and
applications being filed in connection therewith. Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are reasonable, undue reliance should
not be placed on the forward-looking statements because the Company can give no assurance that they
will prove to be correct . Since forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. Certain of these risks are set out in more detail
in the Company's Annual Information Form for the financial year ended September 30, 2022, dated as of
January 17, 2023 which has been filed on SEDAR and can be accessed at www.sedar.com. The forward-
looking statements contained in this news release are made as of the date hereof, and except as may be
required by applicable securities laws, the Company assumes no obligation or intent to update publicly or
revise any forward-looking statements made herein or otherwise, whether as a result of new information,
future events or otherwise.