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 $1.5 million.
• 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 CSE price performance.
• Proceeds will be used to fund exploration on the Company’s 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‑year‑later exercisable into one additional common share at $0.10; term of 2 years from closing; includes an acceleration clause that may shorten expiry to 30 days after a news release if the CSE price stays ≥ $0.20 for ten consecutive trading days.
• Use of Proceeds: Exploration activities on the Rocas property and general working capital.
• Investor Eligibility: Offered only to qualified investors under prospectus exemptions; securities subject to a hold period of four months and one day.
• Finder’s Fees: Company may pay finders’ fees in compliance with applicable securities 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. 1933 Act.

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.