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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 > Convertible Debenture Receivable
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Comment by Cgbuddyon Dec 01, 2020 8:23am
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Post# 32007809

RE:RE:Convertible Debenture Receivable

RE:RE:Convertible Debenture Receivable
Jonboy9001 wrote: A convertible debenture is a type of long-term debt issued by a company that can be converted into shares of equity stock after a specified period. Convertible debentures are usually unsecured bonds or loans, often with no underlying collateral backing up the debt.quote=Blizzy420]Can anyone tell me about this Convertible Debenture that is owned by Agraflora?  


It appears they raised 30 million through a Convertible Debenture in Dec 2019 and then they purchased about 23 million worth of Convertible Debentures on December 30th.  

Any light that can be shed on this would be appreciated.


[/quote]

correct me if im wrong but it  7 millions left in that private placement that may be converted into share in the futur? agra pay on day 1 interest (10% per year)of all the 30 millions even if it not all use...
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