Further to its news release dated February 26, 2024,
Collective Mining Ltd. is pleased to announce the closing of a strategic investment by a single purchaser on a non-brokered private placement basis consisting of the sale of 4,500,000 units , at a price of $4.20 per Unit for gross proceeds of C$18.9 million. Each Unit was comprised of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant will entitle the holder thereof to acquire one Common Share , subject to standard anti-dilution provisions, at a price of $5.01 per Warrant Share exercisable until 5:00 p.m. on the date that is 36 months following the closing date of the Offering , provided, however, that should the closing price at which the Common Shares trade equal or exceed $6....