Collective Mining (TSE:CNL) has released an update.
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Collective Mining Ltd. has announced a C$30 million bought deal financing with BMO Capital Markets to advance its Guayabales Project and other exploration opportunities. This offering involves the sale of 6 million common shares at C$5.00 each and could reach C$34.5 million if an overallotment option is fully exercised. The proceeds will support ongoing development efforts and enhance the company’s working capital.
For further insights into TSE:CNL stock, check out TipRanks’ Stock Analysis page.
