Cullinan Metals Announces Share Consolidation and Private Placement

Cullinan Metals Corp ( (TSE:CMT) ) just unveiled an announcement.

Cullinan Metals Corp. has announced a proposed consolidation of its common shares on a 10-to-1 basis, as approved by its Board of Directors. Additionally, the company plans a non-brokered private placement to raise up to $330,000 through the offering of post-consolidation units, each consisting of a common share and a warrant, subject to Canadian Securities Exchange approval.

More about Cullinan Metals Corp

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals, primarily copper, graphite, and lithium assets globally.

YTD Price Performance: 100.0%

Average Trading Volume: 62,938

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$655.8K

Find detailed analytics on CMT stock on TipRanks’ Stock Analysis page.