Funds for further growth Canada’s Collective Mining has unveiled a C$18.9 million (US$13.9 million) strategic investment by a single purchaser. The proceeds of the offering are to be used for exploration on the miner’s properties in the country’s province of Colombia, as well as for general working capital purposes.
“Closing of the Offering is subject to the receipt of regulatory approvals, including approval of the [Toronto Stock Exchange], and is expected to close two business days following receipt of such approval,” the Canadian business said in a statement.
Collective Mining says that its flagship project, Guayabales, “is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold-tungsten Apollo porphyry system.”