Collective Mining Increases Previously Announced Bought Deal Financing To 7M Common Shares At A Price Of C$5.00 For Total Gross Proceeds Of C$35 Million
Portfolio Pulse from Benzinga Newsdesk
Collective Mining Ltd. has increased its bought deal financing to 7 million common shares at C$5.00 each, raising C$35 million. The offering, led by BMO Capital Markets, may increase to C$40 million if the over-allotment option is exercised. Proceeds will fund the Guayabales Project and other initiatives.
October 25, 2024 | 1:00 pm
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Collective Mining Ltd. has increased its bought deal financing to 7 million shares at C$5.00 each, raising C$35 million. The offering could increase to C$40 million if the over-allotment option is exercised. Proceeds will fund the Guayabales Project and other initiatives.
The increase in the bought deal financing indicates strong demand for Collective Mining's shares, which is a positive signal for investors. The funds raised will support key projects and corporate purposes, potentially enhancing the company's growth prospects.
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