Collective Mining Files Final Base Shelf Prospectus
Collective Mining Files Final Base Shelf Prospectus
Toronto, Ontario, November 10, 2021 – Collective Mining Ltd. (TSXV: CNL) (“Collective” or the
“Company”) is pleased to announce that it has filed a final short form base shelf prospectus (the “Shelf
Prospectus”) with the securities regulatory author ities in each of the provinces and territories of
Canada (other than Québec), following the completion of a regulatory review of the preliminary base
shelf prospectus of the Company filed on October 5, 2021.
The Base Shelf Prospectus filings will permit t he Company to make offeri ngs of common shares,
warrants, subscription receipts, units or debt securities, or a combination thereof (the “Securities”), up
to an aggregate total of C$100 million during the 25- month period that the Base Shelf Prospectus
remains effective until December 2023. Securities may be offered in amounts, at prices and on terms
to be determined based on market condi tions at the time of sale and set forth in one or more shelf
prospectus supplement(s). Information regarding the us e of proceeds from a sale of any Securities
will be included in the applicable prospectus supplement(s).
“While we do not have any financing requirements in the near term as our current cash balance of
approximately C$23 million comfort ably funds our planned drilling program through 2022, the base
shelf prospectus affords the Com pany with flexibility to take advantage of attractive financing
opportunities over the next 25 months”, commented Ari Sussman, Executive Chairman.
This news release does not constitute an offer to sell or the solic itation of an offer to buy, nor shall
there be any sale of Securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
A copy of the Shelf Prospectus is available on the Company's issuer profile on SEDAR at
www.sedar.com, and may also be obtained by contac ting the Corporate Secretary of the Company
via email at [email protected].
About Collective Mining Ltd.
Collective Mining is an explorat ion and development company focu sed on identifying and exploring
prospective mineral projects in South America . Founded by the team that developed and sold
Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the
Company is to repeat its past success in Colombia by making a significant new mineral discovery and
advancing the projection to prod uction. Management, insiders and close family and friends own
approximately 40% of the outstanding shares of the Compa ny and as a result are fully aligned with
shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located
in Colombia. As a result of an aggressive ex ploration program on both the Guayabales and San
Antonio projects a total of eight major targets have been defined. The Company is fortuitous to have
made significant grass root discoveries on both projects with discovery holes of 104 metres @ 1.3 g/t
AuEq and 710 metres @ 0.53 AuEq at the Guay abales and San Antonio projects, respectfully. ( See
press releases dated October 18th and 27th for AuEq calculation.)
Contact Information
Collective Mining Ltd.
Steve Gold, Vice President, Corporate Development and Investor Relations
Tel. (416) 648-4065
FORWARD-LOOKING STATEMENTS
This news release contains cert ain forward-looking statements, including, but not limited to,
statements with respect to the Shelf Prospectus, any shelf prospectus supplements, the proposed use
of proceeds from any offering of Securities us ing the Shelf Prospectus, and any related shelf
prospectus filings. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”,
“intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of
these words, or similar words or phrases, have been used to identify these forward-looking statements.
These statements reflect management’s current be liefs and are based on information currently
available to management as at the date hereof.
Forward-looking statements invo lve significant risk, uncertainti es and assumptions. Many factors
could cause actual results, performance or achievements to differ materially from the results discussed
or implied in the forward-looking statements. These factors should be considered carefully and readers
should not place undue reliance on the forward-looking statements. Such factors, among other things,
include: the expected benefits to Collective relating to the exploration proposed to be conducted on its
properties; failure to identify any additional miner al resources or significant mineralization; the
preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of
financing needed in the future, including to fund any exploration prog rams on the Company’s
properties, if required; fluctuat ions in general macroeconomic conditi ons; fluctuations in securities
markets; fluctuations in spot and forward prices of gold, silver , base metals or certain other
commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar or
Colombian peso exchange rate); change in national and local government, legislation, taxation,
controls, regulations and political or economic developments; ri sks and hazards associated with the
business of mineral exploration, development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain
adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose
restrictions on mining and mineral exploration; employee relations; relationships with and claims by
local communities and indigenous populations; availability of increasing costs associated with mining
inputs and labour; the speculative nature of mineral exploration and development (including the risks
of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood
that properties that are explored are ultimately developed into producing mines; geological factors;
actual results of current and future exploration; changes in project parameters as plans continue to be
evaluated; soil sampling results being preliminary in nature and are not conc lusive evidence of the
likelihood of a mineral deposit; title to properties; and ongoing uncertainties relating to the COVID-19
pandemic. Although the forward-look ing statements contained in th is news release are based upon
what management believes to be reasonable assumptions, the Collective cannot assure readers that
actual results will be consistent with these forward-looking st atements. These forward-looking
statements are made as of the date of this news release, and the Collective assumes no obligation to
update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Se rvices Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.