Collective Metals Announces Closing of Private Placement for Gross Proceeds of CDN $1,438,665.72

Executive Summary

• Collective Metals closed a non‑brokered private placement of 16,925,479 units at $0.085 per unit, generating gross proceeds of $1,438,665.72.
• Each unit consists of one common share and one warrant exercisable at $0.105 per share for up to 24 months, with an acceleration clause tied to the company’s share price performance.
• Proceeds will be used for general working capital, and finder’s fees and warrants were issued as compensation to placement agents.

Key Details

• Units Issued: 16,925,479 units @ $0.085 per unit.
• Aggregate Gross Proceeds: $1,438,665.72.
• Unit Composition: 1 common share + 1 transferable common share purchase warrant.
• Warrant Terms: Exercise price $0.105; exercisable for 24 months from closing; acceleration clause triggers expiry 30 days after a news release if CSE share price ≥ $0.20 for ten consecutive trading days.
• Finder’s Compensation: Finder’s fees of $57,020.75 paid in cash and 670,833 finder’s warrants issued on the same terms as unit warrants.
• Use of Proceeds: General working capital purposes.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period.
• U.S. Securities Restrictions: Units not registered under U.S. securities laws; cannot be offered or sold in the United States or to U.S. persons without exemption or registration.

Notable Quotes

“We are pleased to have successfully completed this financing, which provides us with the capital needed to advance our exploration programs and maintain operational flexibility,” – Christopher Huggins, Chief Executive Officer.