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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.


CSE:CMT - Post by User

Cullinan Metals Corp > WOW
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Comment by MrAwesome1979on Feb 05, 2020 1:27pm
58 Views
Post# 30646888

RE:RE:WOW

RE:RE:WOWVery sarcastic.

Here is the Form 9 that details the 6.6 million shares.

https://webfiles.thecse.com/AGRA_Form_9_-_PP_-_Sept_26_2019.pdf?TU8LDK_gBkMOo1Z9ow4rKKS5MPvuZ5IU=

Whomever this was with is cashing in rather than deferring the first 2 million in payments for Cannabis.

Page 4, # 10 states:
10. Describe any unusual particulars of the transaction (i.e. tax “flow through” shares, etc.). In consideration for the Offering, the Issuer agreed to defer payment (the “Deferred Payments”) of the initial C$2,000,000 of dried cannabis flower, under the previously announced Agreement. Such Deferred Payments shall be repaid in equal portions of C$250,000 across the subsequent C$8,000,000 in dried cannabis flower purchases.

Why cash out on shares if you intend to buy 2 million worth of flower???? Unless the flower is not coming???
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