Collective arranges $100-million bought deal offering

Executive Summary

• Collective Mining Ltd. announced a C$100 million bought‑deal financing of 5.27 million common shares at $19 per share, with an overallotment option that could raise total gross proceeds to approximately $115 million.
• The offering is being underwritten by BMO Capital Markets and Scotiabank, with closing expected around October 8, 2025, subject to regulatory approvals.
• Net proceeds will fund continued work on the Guayabales project, other exploration/development opportunities, and general corporate purposes.

Key Details

• Offering Size: 5.27 million common shares at $19 per share → gross proceeds ≈ C$100 million.
• Overallotment Option: Up to an additional 790,500 shares (30‑day option) → potential total gross proceeds ≈ C$115 million if fully exercised.
• Underwriters/Bookrunners: BMO Capital Markets and Scotiabank (joint bookrunners) on behalf of a syndicate of underwriters.
• Closing Date: Expected on or about October 8, 2025, pending regulatory approvals.
• Use of Proceeds:
• Finance continuing work programs to advance the Guayabales project.
• Pursue other exploration and development opportunities.
• Working capital and general corporate purposes.
• Offering Structure:
• Prospectus supplement to Collective’s short‑form base shelf prospectus (dated Dec 4, 2023) for Canadian provinces/territories (excluding Quebec & Nunavut).
• Private placement under Regulation S for U.S. persons.
• Additional private placements or equivalent arrangements outside Canada and the U.S., as agreed with underwriters.
• Regulatory Access: Prospectus supplement and base shelf prospectus to be filed with securities commissions; documents available on SEDAR+ within two business days of issuance.

Notable Quotes

(No direct quotes were provided in the release.)