Generation Mining announces $10M financing

June 12, 2025 12:44 AM PDT | By EODHD

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Generation Mining announces $10M financing — Image source: Kalkine Media

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* Generation Mining (TSX:GENM:CA [https://seekingalpha.com/symbol/GENM:CA]) (OTCQB:GENMF [https://seekingalpha.com/symbol/GENMF]) entered into an agreement for "bought deal" private placement offering of ~27M units at a price of C$0.37 per unit for gross proceeds to the company of up to C$10M. * Underwriters have an option, exercisable up to 48 hours to purchase for resale up to an additional 15% of units at the offering price for additional gross proceeds of up to C$1.5M. * The company intends to use the net proceeds for development purposes at the company's Marathon Project and general corporate purposes. * The offering is expected to close on or about June 24, 2025. MORE ON GENERATION MINING * Historical earnings data for Generation Mining Limited [https://seekingalpha.com/symbol/GENM:CA/earnings] * Financial information for Generation Mining Limited [https://seekingalpha.com/symbol/GENM:CA/income-statement]

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