TORONTO – Collective Mining Ltd. announced that its common shares will commence trading at the market open today on the TSX Venture Exchange (“TSXV”) under the ticker symbol “CNL”.
“The management team and I are very excited to return to Colombia, a country with untapped mineral potential and backed by supportive governments and communities,” commented Ari Sussman, Executive Chairman of Collective. “Upon completing the sale of Continental Gold to Zijin Mining, our team was eager to re-apply our skillsets towards discovering another world-class deposit and advancing it to production. Unlike Continental Gold, where we specifically targeted high-grade gold systems, Collective has decided to focus on bulk tonnage porphyry related systems. To date, we have options to acquire 100% interests in two projects in the mining-friendly department of Caldas. Both our San Antonio and Guayabales projects surround the world famous Marmato mine. The belt surrounding the Marmato mine has never before been consolidated under one company until now. With the funds from our $15 million subscription receipt financing now released from escrow, we are embarking on an aggressive exploration program and are excited to unlock the potential of our projects over the next 12 months.”
“This is great news to have a new Colombian focused company listed on the TSX Venture Exchange. This is yet another endorsement of investors’ trust in the Colombian mining sector. We are committed to both strengthening our mineral exploration industry and diversifying our production to more types of metals. We welcome foreign investments that support the sustainability of the Colombian mining sector,” stated Diego Mesa, the Colombian Minister of Mines and Energy.
The listing of the common shares of Collective follows the completion of its Qualifying Transaction, as such term is defined under the policies of the TSXV, on May 20, 2021.
Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America.
We seek Safe Harbor.