On October 31, 2024, Collective Mining completed a bought deal prospectus offering of 8,050,000 common shares at a price of $5.00 per common share for gross proceeds of $40.25 million, including the exercise in full of the underwriters’ over-allotment option. The prospectus offering was conducted by a syndicate of underwriters led by BMO Capital Markets, and included Clarus Securities Inc., Scotia Capital, Roth Canada, Inc., Canaccord Genuity Corp., Ventum Financial Corp. and Jett Capital Advisors, LLC.
Concurrently, Collective Mining completed a non-brokered private placement of 1,226,235 common shares at a price of $5.00 per common share for gross proceeds of approximately $6.1 million to a strategic investor of Collective Mining upon exercise of its participation rights.
Cassels acted for Collective Mining.