Cullinan Metals Corp V.CMT

Primary Symbol: C.CMT Alternate Symbol(s): CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.

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Cullinan Metals Corp

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Comment by FYFTMIon Sep 26, 2018 1:29am

185 Views

Post# 28690376

RE:RE:So... let's get this straight

was going to, but hate to leave you or anyone in the dust.

40m, as stated in the agreement, gets DOCC 20% of PUF and 10% of PSC, where PSC is the main money maker at this point (arguably), and PUF is giving away 20% of their 50% of the company (read).

So, effectively, by the end of the transaction, DOCC will own 10% of the total PSC pie due to the subscription agreement + what they own in PUF (20%) of the 50% in PSC, which means they walk away with 20% of PUF AND 20% PSC.

so $2.24 per share is really misleading because they are using 40m to show the price per share IF they bought PUF's shares ONLY but they are also getting PSC.

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