Collective Metals Announces Private Placement

Executive Summary

• Collective Metals Inc. announced a non‑brokered private placement of up to 17,647,058 units at $0.085 per unit, targeting gross proceeds of up to $1,500,000.
• Each unit consists of one common share and one transferable warrant exercisable at $0.10 for two years, with an acceleration clause tied to the company’s share price performance on the CSE.
• Proceeds will be used to fund exploration on the Rocas project and for general working capital.

Key Details

• Placement Size: Up to 17,647,058 units (each unit = 1 common share + 1 warrant).
• Purchase Price: $0.085 per unit.
• Maximum Gross Proceeds: $1,500,000.
• Warrant Terms:
• One warrant per unit, exercisable into one additional common share at $0.10 per share.
• Exercise period: 2 years from closing date.
• Acceleration Clause – if the Company’s CSE share price trades ≥ $0.20 for ten consecutive trading days, the expiry may be accelerated to 30 calendar days after a news release announcing acceleration.
• Use of Proceeds: Exploration activities on the Rocas property and general working capital.
• Investor Eligibility: Offered to qualified investors under securities law exemptions; hold period of four months and one day applies to all securities issued.
• Finder’s Fees: Company may pay eligible finders in compliance with applicable laws and CSE policies.
• Regulatory Notices: The offering is not an offer or solicitation in the United States; securities are not registered under the U.S. Securities Act of 1933.

Notable Quotes

• “This financing will provide us with the capital needed to advance our exploration program at Rocas and support ongoing corporate initiatives,” – Christopher Huggins, Chief Executive Officer.