Collective Mining Announces Closing of Investment and Early Exercise of Warrants for Gross Proceeds of C$63.4 Million

Core Viewpoint - Collective Mining Ltd. has successfully closed an investment from Agnico Eagle Mines Limited, raising approximately C$52.1 million through the issuance of common shares and the exercise of warrants, increasing Agnico Eagle's ownership to about 14.99$11.00 per share, totaling approximately C$52.1 million [1]. - Concurrently, Agnico Eagle exercised warrants to acquire an additional 2,250,000 shares at C$5.01 per share, amounting to C$11,272,500 [1]. - The total investment from Agnico Eagle, including both the share subscription and warrant exercise, reflects a significant commitment to Collective Mining [1]. Group 2: Use of Proceeds - Proceeds from the offering and warrant exercise are intended for exploration activities on the company's properties in Colombia and for general working capital purposes [2]. Group 3: Investor Rights Agreement - An Investor Rights Agreement was established, granting Agnico Eagle rights to maintain its ownership percentage and nominate board members, which was amended to reflect the increased ownership level [3]. - The ownership interest ceiling for participation rights was raised from 9.99% to 14.99% in the amended agreement [3]. Group 4: Company Overview - Collective Mining is focused on gold, silver, copper, and tungsten exploration in Colombia, with options to acquire 100% interests in two projects within an established mining camp [6]. - The flagship project, Guayabales, features the Apollo system, which is characterized by large-scale, high-grade mineralization [7]. - Management insiders hold approximately 33.4% of the outstanding shares, aligning their interests with those of shareholders [8].