McMillan advises Underwriters in connection Collective Mining Ltd.’s Public Offering

On October 28, 2024, Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) (“Collective” or the “Company”) announced the closing of its bought deal public offering of 8,050,000 common shares of the Company for aggregate gross proceeds of C$40,250,000, including the exercise in full of the underwriters’ over-allotment option.

The offering was conducted by a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, and including Clarus Securities Inc., Scotia Capital, Roth Canada, Inc., Canaccord Genuity Corp., Ventum Financial Corp. and Jett Capital Advisors, LLC.

Collective provides exploration and mining services. The Company explores and develops copper, silver, gold and tungsten projects in South America.

McMillan acted as legal counsel to the syndicate of underwriters. Andrew Powers led the team that included Jeffrey Gebert, Sam Kelley, and Chris Osei-Kusi.

As a national business law firm with exceptional capabilities to lead businesses through cross-border transactions and investments into Canada and within multifaceted regulatory regimes, McMillan provides real-time business solutions to our clients. Our Capital Markets & Securities Group is skilled at structuring and closing complex deals of all shapes and sizes in Canada, the US and internationally and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps our clients stay ahead.