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Collective Announces Closing of C$30 Million Bought Deal Financing
Collective Announces Closing of C$30 Million Bought Deal Financing Canada NewsWire ...
About this update from Collective Mining Ltd
[{"type":"text","content":"\n \n \n \n Collective Announces Closing of C$30 Million Bought Deal Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 22, 2023\n \n \n /CNW/ -\n \n Collective Mining Ltd.\n \n (TSXV: CNL) (OTCQX: CNLMF) (\"\n \n Collective\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that is has closed its previously announced \"bought deal\" offering of common shares of the Company (the \"\n \n Shares\n \n \") for aggregate gross proceeds of approximately\n \n C$30 million\n \n (the \"\n \n Offering\n \n \"). The Offering was conducted by a syndicate of underwriters co-led by BMO Capital Markets and Clarus Securities Inc., and including Canaccord Genuity Corp., Cormark Securities Inc. and PI Financial Corp. (collectively, the \"\n \n Underwriters\n \n \"), and consisted of the sale of 7,060,000 Shares at a price of\n \n C$4.25\n \n per Share.\n \n \n The net proceeds from the Offering are expected to be used to fund ongoing work programs to advance the Guayabales Project, to pursue other exploration and development opportunities, and for working capital and general corporate purposes, as more fully described in the prospectus supplement (the \"\n \n Prospectus Supplement\n \n \") of the Company dated\n \n March 17, 2023\n \n .\n \n \n The securities issued pursuant to the Offering were qualified for distribution pursuant to the Prospectus Supplement and a short form base shelf prospectus (the \"\n \n Base Shelf Prospectus\n \n \") dated\n \n November 9, 2021\n \n , filed in each of the provinces and territories of\n \n Canada\n \n , other than\n \n Quebec\n \n , and offered and sold elsewhere outside of\n \n Canada\n \n on a private placement basis. The Prospectus Supplement, Base Shelf Prospectus, and the documents incorporated...