Cullinan Provides an Update on Previously Announced Share Consolidation and Private Placement
(CSE: CMT) (OTCQB: CMTNF) (FWB: 7KO)
Cullinan Metals Provides An Update
On Previously Announced Share Consolidation And Private
Placement
Vancouver, B.C., February 4 , 202 5 – Cullinan Metals Corp. (CSE: CMT)(OTCQB: CMTNF)
("Cullinan" or the “Company”) announces that it has decided to defer the implementation of the
share consolidation originally announced on January 7, 2025. The Company remains committed
to optimizing its capital structure and intends to proceed with the consolidation at a later date.
This decision was made in consideration of current market conditions and strategic corporate
planning. The Company believes that adjusting the timing of the consolidation will bett er align
with its broader objectives and support long -term shareholder value. A further update on the
expected timeline for the consolidation will be provided in due course.
In addition, the Company has revised the terms of the private placement previously announced
on January 7, 2025. The Company now seeks to raise up to $330,000 through the issuance of up
to 22,000,000 units (“ Units”) at a price of $0.015 per Unit (the “ Issue Price”) (the “ Offering”).
Each Unit will consist of one common share (“Common Share”) of the Company and one common
share purchase warrant (“Warrant”). Each Warrant will be exercisable into one Common Share
at an exercise price of $0.05 per Common Share for a period of two years. The Issue Price is
based on t he 20 da y volume weighted average price of the Common Shares for the period
ending February 3, 2025, pursuant to Ca nadian Securities Exchange (the “CSE”) Policy 6
section 6.2(2)(c)(i).
The Company shall use the proceeds of the Offering for working capital purposes.
The Offering is subject to the approval of the CSE.
On Behalf of the Board,
CULLINAN METALS CORP.
Marc Enright-Morin
CEO, Director
(604) 428-7050
2
About Cullinan Metals Corp.
Cullinan Metals Corp. is a Canadian mining and exploration c ompany 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 the Canadian Securities Exchange nor its regulation services provider accepts
responsibility for the adequacy of accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the inform ation contain
herein.
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 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 bel ieves 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. Trends and risk which may impact the Issuer are disclosed in the Issuer’s
Management’s Discussion and Analysis and other documents which are available under the Issuer’s profile
on the SEDAR website at www.sedarplus.ca and under the Issuer’s Disclosure Page on the Canadian
Securities Exchange’s website at www.thecse.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.