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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

Comment by Sthlheadron Feb 09, 2020 1:52pm
39 Views
Post# 30664407

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:beware!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:beware!
The debentures shall bear interest at a rate of 10.0 per cent per annum from the date of issue, payable semi-annually in arrears on June 30 and December 31 of each year, commencing December 31, 2019. Interest shall be computed on the basis of a 360-day year composed of 12 30-day months. The Debentures shall mature on December 31, 2021. TheDebentures will be convertible at theholder's option into: (i) that number of common shares of the Company (theDebenture Shares) calculated on thebasis of the aggregate principal amount of the Debentures being converteddividedby the conversion price of $0.30 per share(the Conversion Price); and (ii) a cashpayment equal to theadditional interest amount that such holder would have receivedif it had held the Debenture from the date ofconversion to the Maturity Date (theMake-Whole Amount). Holdersconverting their Debentures will receiveaccrued and unpaid interest thereonfor the period from and including the date of the latest interest payment dateto, butexcluding, the date of conversion. If converted the Debentures will convert into approximately 95,833,333 common shares in the capital of the Company
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