Pocml 5 Inc. Announces Conditional Approval of Its Qualifying Transaction with Collective Mining Inc. and Filing of Filing Statement
POCML 5 INC. ANNOUNCES CONDITIONAL APPROVAL OF ITS QUALIFYING
TRANSACTION WITH COLLECTIVE MINING INC. AND FILING OF FILING STATEMENT
FOR IMMEDIATE RELEASE
TORONTO, ONTARIO – May 12, 2021 – POCML 5 Inc. (“POCML5” or the “Company”) (TSXV:
PCML.P) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has conditionally
accepted its proposed qualifying transaction pursuant to Policy 2.4 – Capital Pool Companies of
the TSXV (the “ Transaction”) with Collective Mining Inc. (“ Collective”), which, upon
completion, will result in a reverse take-over of POCML5 by the shareholders of Collective. A
filing statement dated May 12, 2021 (the " Filing Statement") has been prepared in respect of
the Transaction in accordance with the requi rements of the TSXV and has been filed under
POCML5’s issuer profile on SEDAR at www.sedar.com.
Collective is an exploration and development company focused on identifying and exploring
prospective gold projects in South America. Collective currently holds a 100% interest in two
projects located in Colombia: (i) the San Antonio project (the “ San Antonio Project ”); and (ii)
the Guayabales project (the “Guayabales Project”). The San Antonio Project is comprised of a
1,664-ha contiguous mining title located in a historical gold district in the Caldas department of
Colombia. With recently completed geophysical and LIDAR surveys completed, the San Antonio
Project has been advanced to the point where there are multiple drill-ready targets, which are
expected to be tested this year. The Guayabales Project is a contiguous land package
comprised of two mining titles totalling 413 ha and a 2,012-ha mining application also located in
the Caldas department of Colombia. The Guayabales Project is currently in the early stages of
prospecting. Upon completion of Transaction, it is the intention of the parties that the Resulting
Issuer will continue to primarily focus on the exploration and development of the San Antonio
Project.
Closing of the Transaction is expected to occur on or about May 20, 2021 and it is anticipated
that the common shares of the resulting issuer company (the “ Resulting Issuer ”) will
commence trading on the TSXV under the ticker symbol “CNL” before the end of May, 2021.
The closing of the Transaction remains subject to various closing conditions, including, but not
limited to, the TSXV providing final approval fo r the Transaction. The Company will issue a
further news release announcing the closing of the Transaction and the date on which trading in
the common shares of the Resulting Issuer will resume in due course.
Further details of the Transaction can be found in the Filing Statement. Reference is also made
to POCML5’s news releases dated November 30, 2020, January 21, 2021 and February 26,
2021 for additional information relating to POCML5, Collective and the Transaction.
Further Information
All information contained in this news release with respect to POCML5 and Collective was
supplied by the parties respectively, for inclusion herein, and each party and its directors and
officers have relied on the other party for any information concerning the other party. For further
information regarding the Transaction, please contact:
POCML 5 Inc.
David D'Onofrio, Chief Executive Officer
Tel. (416) 643-3880
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Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV
acceptance. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in th e filing statement to be prepared in connection with
the Transaction, any information released or rece ived with respect to the Transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of a capital pool company
should be considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved
nor disapproved the contents of this news release.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements
about the Corporation’s future plans and intentions, co mpletion of the Transaction and the listing of the
resulting issuer shares on the TSXV. Wherever possibl e, 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 phra ses, have been used to identify these forward-looking
statements. These statem ents reflect management’s current beliefs and are based on information
currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties 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. Thes e factors should be considered carefully and readers
should not place undue reliance on the forward- looking statements. Although the forward-looking
statements contained in this news release are ba sed upon what management believes to be reasonable
assumptions, the Corporation cannot assure readers that actual results will be consistent with these
forward-looking statements. These forward-looking st atements are made as of the date of this news
release, and the Corporation assu mes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.