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Collective Metals plans up to $1.5 mln private placement (CLLMF:OTCMKTS)

  • Collective Metals (CLLMF) said on Thursday it plans to raise up to $1.5 million through a non-brokered private placement.
  • The company said it intends to issue up to about 17.6 million units at a price of $0.085 per unit, with each unit consisting of one common share and one transferable warrant.
  • Collective Metals said the proceeds will be used for exploration activities and general working capital.
  • CLLMF closed -0.0% at $0.03.
  • Source: Press Release
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