TORONTO, Aug. 23,
2023 /CNW/ - Collective Mining Ltd. (TSXV:
CNL) (OTCQX: CNLMF) ("Collective" or the
"Company") is pleased to announce that it has received
conditional approval from the Toronto Stock Exchange ("TSX")
to graduate from the TSX Venture Exchange (the "TSXV") and
list its common shares (the "Common Shares") on the TSX.
Final approval of the listing is subject to the Company meeting
certain customary conditions required by the TSX. The Company will
issue a press release once the TSX confirms the date when trading
of the Common Shares is expected to commence on the TSX.
In connection with the listing of the Common Shares on the TSX,
the Company will submit a request to voluntarily delist its Common
Shares from the TSXV. Such delisting is expected to be effective on
or shortly after the date the Common Shares commence trading on the
TSX. Shareholders are not required to exchange their share
certificates or direct registration system advices, or take any
other action in connection with the listing on the TSX, as there
will be no change in the trading symbol or CUSIP for the Common
Shares.
About Collective Mining
Ltd.
About Collective Mining Ltd. To see our latest corporate
presentation and related information, please visit
www.collectivemining.com.
Founded by the team that developed and sold Continental Gold
Inc. to Zijin Mining for approximately $2
billion in enterprise value, Collective Mining is a copper,
silver, and gold exploration company with projects in Caldas,
Colombia. The Company has options
to acquire 100% interests in two projects located directly within
an established mining camp with ten fully permitted and operating
mines.
The Company's flagship project, Guayabales, is anchored by the
Apollo target, which hosts the large-scale, bulk-tonnage and
high-grade copper-silver-gold Apollo porphyry system. The Company's
near-term objective is to drill the shallow portion of the porphyry
system, continue to expand the overall dimensions of the system,
which remains open in most directions and test newly generated
grassroots targets.
Information Contact:
Follow Executive Chairman Ari
Sussman (@Ariski) and Collective Mining
(@CollectiveMini1) on Twitter
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian and U.S.
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussion with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often, but not always
using phrases such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
forward-looking statements. In this news release, forward-looking
statements relate, among other things, to: the ability of the
Company to satisfy all conditions in the TSX's conditional approval
letter; anticipated advancement of mineral properties or programs;
future operations; future growth potential of Collective; and
future development plans.
These forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business. Management
believes that these assumptions are reasonable. Forward-looking
information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information: risks related to the speculative
nature of the Company's business; the Company's formative stage of
development; the Company's financial position; possible variations
in mineralization, grade or recovery rates; actual results of
current exploration activities; conclusions of future economic
evaluations; fluctuations in general macroeconomic conditions;
fluctuations in securities markets; fluctuations in spot and
forward prices of gold, precious and base metals or certain other
commodities; fluctuations in currency markets; change in national
and local government, legislation, taxation, controls regulations
and political or economic developments; risks and hazards
associated with the business of mineral exploration, development
and mining (including environmental hazards, industrial accidents,
unusual or unexpected formation 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; 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); and title to properties.
Such factors are described in detail in the Prospectus Supplement
and the documents incorporated by reference therein.
Forward-looking statements contained herein are made as of the
date of this news release and the Company disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results, except as may be
required by applicable securities laws. There can be no assurance
that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements and there may be other factors that
cause results not to be anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking information.
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 news release.
SOURCE Collective Mining Ltd.
