Collective Mining’s Strategic Investor Exercises Rights

Collective Mining (TSE:CNL) has released an update.

Collective Mining has announced its strategic investor will exercise participation rights in a C$35 million public offering, aiming for a 9.99% stake. The shares will be issued at C$5.00 each and are part of a non-brokered private placement. Both the public offering and private placement require approval from the Toronto Stock Exchange and NYSE American.

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