TORONTO, Oct. 31, 2024 /CNW/ – Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) (“Collective” or the “Company”) is pleased to announce the closing of its upsized “bought deal” public offering of 8,050,000 common shares of the Company (the “Shares”) at a price of C$5.00 per Share (the “Issue Price”) for aggregate gross proceeds of C$40,250,000, including the exercise in full of the underwriters’ over-allotment option (the “Public Offering”). The Public Offering was conducted by a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, and including Clarus Securities Inc., Scotia Capital, among others (collectively, the “Underwriters”), pursuant to the terms of an underwriting agreement entered into between the Corporation and the Underwriters on October 28, 2024.
Concurrently with the closing of the Public Offering, the Company completed a non-brokered private placement of 1,226,235 Shares at the Issue Price (the…
