Vancouver, B.C., June 9th, 2022 – Cullinan Metals Corp. (CSE: CMT) (“Cullinan” or the “Company”) announces the appointment of Mr. John Bean as CFO, effective immediately.
Mr. Bean is an experienced cannabis and real estate sector CFO who provides corporate finance leadership and strategic business development guidance; and who strengthens corporate governance.
Mr. Bean was the CFO of Aurora Cannabis Inc. (TSX: ACB), a Canadian federally licensed producer of medical cannabis, during its first two years as a public company, when it obtained its license to grow, became licensed to sell, and then received customer revenues. Aurora Cannabis grew from $100m market capitalization to multi-billion market capitalization under Mr. Bean’s initial financial stewardship.
Mr. Bean has served on the board of Prescient Mining Corp., which became Aurora Cannabis Inc., General Fusion Inc., Sync Wave Energy Inc., TAP Ventures Inc., RSI International, BC Technologies Industry Association, Accenture’s CSTaR (Center for Strategic Technology Research) and Bobolink Daycare Society for Deaf Children.
Marc Enright-Morin, President of Cullinan said, “We are excited to have someone of John’s caliber join the team. He is an excellent analyst and strategic thinker who will bring great value to the company. ”
The company has granted 250,000 stock options to directors, officers, employees and consultants exercisable at a price of 40 cents per share for a period of five years.
The company has engaged digital marketing agency, Financial Press, (a Vancouver based media company), specializing in news, editorial, and video distribution. The contract is for a term of three months at a cost of $35,000 CAD and will combine a robust strategy of outreach to retail and institutional investors.
About Cullinan Metals Corp.
Cullinan Metals Corp. is a Canadian mining and exploration company focused on high quality copper and gold assets in Europe. The company’s Borba 2 property, which contains four projects, consists of several advanced mineral occurrences and past producing copper and gold mines. The concession covers an area of 328.5square km in one of the most mining friendly areas in Portugal. All the projects are off main roads and highways with excellent infrastructure.
On behalf of the company,
Cullinan Metals Corp
Marc Enright-Morin, President
For more information, please contact the Company at:
Forward Looking Statement
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the exploration potential of the Properties. Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. These forward-looking statements involve risks and uncertainties relating to, among other things, the lack of recent exploration work on the Properties, results of future exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and unanticipated environmental impacts on operations. Although the Company believes current conditions and expected future developments and other factors that have been considered are appropriate and that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. The statements in this press release are made as of the date of this release. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.