TORONTO / Jun 24, 2025 / Business Wire / Generation Mining Limited (TSX:GENM)(OTCQB: GENMF) (“Generation Mining” or the “Company“) is pleased to announce that it has completed its previously announced private placement of $10 million of units of the Company (the “Units”) including the full exercise of the Underwriters’ (as defined below) option, for aggregate gross proceeds of approximately $11.5 million (the “Offering”). The Offering was conducted by a syndicate of underwriters led by Stifel Nicolaus Canada Inc., and including Haywood Securities Inc. (collectively, the “Underwriters”), and consisted of the sale of 31,082,200 Units at a price of $0.37 per Unit.
Each Unit comprised of one common share in the capital of the Company (each a “Common Share”) and one-half (½) of one common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder…
