Collective Mining ( (TSE:CNL) ) has issued an announcement.
Collective Mining Ltd. announced the closing of Agnico Eagle Mines Limited’s investment, raising approximately C$63.4 million through share subscriptions and warrant exercises. This investment increases Agnico Eagle’s ownership to approximately 14.99% and will fund exploration in Colombia and general working capital. The investor rights agreement was amended to reflect Agnico Eagle’s increased ownership, allowing them greater participation in future equity financings and board nominations.
More about Collective Mining
Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia. The company has options to acquire 100% interests in two projects within an established mining camp and is focused on improving and expanding its flagship project, the Guayabales, which includes the large-scale Apollo system.
YTD Price Performance: 125.87%
Average Trading Volume: 28,051
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $713.5M
Learn more about CNL stock on TipRanks’ Stock Analysis page.
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