Cullinan Metals Announces Share Consolidation and Private Placement

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

Cullinan Metals Corp. has announced a share consolidation on a 10-to-1 basis and a private placement to raise up to $330,000 through the issuance of post-consolidation units. The share consolidation and offering are subject to Canadian Securities Exchange approval, and the securities will have a hold period of four months and one day post-issuance.

More about Cullinan Metals Corp

Cullinan Metals Corp. is a Canadian mining and exploration company specializing in the development of energy metals, focusing on 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

For detailed information about CMT stock, go to TipRanks’ Stock Analysis page.