Core Viewpoint - Collective Mining Ltd. has announced an increase in its bought deal offering to 6,600,000 common shares at a price of C$19.00 per share, aiming for gross proceeds of approximately C$125 million, with potential total proceeds of C$144 million if the over-allotment option is fully exercised [1][2] Group 1: Offering Details - The offering consists of 6,600,000 common shares priced at C$19.00 each, with gross proceeds expected to be around C$125 million [1] - An over-allotment option allows underwriters to purchase an additional 990,000 common shares within 30 days, potentially raising total gross proceeds to approximately C$144 million if fully exercised [1] - The offering is expected to close on or about October 8, 2025, pending necessary regulatory approvals [1] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to fund ongoing work programs at the Guayabales Project, explore other development opportunities, and for general corporate purposes [2] Group 3: Regulatory and Offering Process - The common shares will be offered through a prospectus supplement to the company's base shelf prospectus, which will be filed with Canadian securities regulators [3] - The offering will also be available in the United States through a private placement under the U.S. Securities Act exemptions [3] Group 4: Company Background - Collective Mining Ltd. is a mining exploration company focused on gold, silver, copper, and tungsten, with projects located in Caldas, Colombia [7] - The flagship Guayabales Project features the Apollo system, which is characterized by large-scale, high-grade mineralization [8] - The company is conducting its largest drilling campaign in history at the San Antonio Project, aiming to expand upon new discoveries [9]
Collective Mining Increases Previously Announced Bought Deal Financing to C$125 Million