Cullinan Metals Announces Financing

Executive Summary

• Cullinan Metals Corp. announced a non‑brokered private placement of up to 2,500,000 common shares at CAD 0.16 per share, targeting gross proceeds of up to CAD 400,000 with an additional discretionary excess capacity of CAD 240,000.
• The offering includes a 4‑month hold period on the shares and will be used for general administrative and working‑capital purposes.
• Completion is subject to regulatory approvals, including CSE approval; related parties may participate and finders’ fees may be paid to arms‑length introducers.

Key Details

• Shares Offered: 2,500,000 common shares (CAD 0.16 per share).
• Gross Proceeds Target: Up to CAD 400,000.
• Excess Capacity: Up to an additional CAD 240,000 at the Company’s discretion.
• Hold Period: 4 months from the Closing Date in all selling jurisdictions.
• Use of Net Proceeds: General administrative and working‑capital purposes.
• Related Party Participation: Allowed; related parties may subscribe to the placement.
• Finder’s Fees: The Company may pay fees to arms‑length parties that introduce subscribers.
• Regulatory Conditions: Completion subject to receipt of required approvals, including CSE approval.

Notable Quotes

(No executive quotes provided in the release.)