Collective Mining (CNL) said Friday it has increased the size of its bought deal financing to 7 million shares at $5 Canadian dollars per share for gross proceeds of CA$35 million ($25.2 million).
Underwriters have been given an option to buy up to an additional 1.05 million shares for a 30-day period from the closing date of the offering, the company said.
If the over-allotment option is exercised in full, the gross proceeds of the offering will be about CA$40 million, Collective said, adding the offering is expected to close on or about Oct. 31.
Net proceeds will be used to fund work programs to advance the Guayabales project, as well as for other exploration and development projects, and for working capital and general corporate purposes, the company said.
Price: 3.61, Change: -0.25, Percent Change: -6.48
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。