Generation Uranium Provides Clarification On Closing Of Second And Final Tranche Of Private Placement

Executive Summary

• Generation Uranium confirmed the closing of the second and final tranche of its non‑brokered private placement, bringing total units sold to 13,750,000 at $0.05 per unit for aggregate gross proceeds of $687,500.
• Finder’s fees were paid to Haywood Securities Inc. ($1,200 + 24,000 broker warrants) for the first tranche and to Ventum Financial Corp. ($4,400 + 176,000 broker warrants) for the second tranche; each broker warrant is exercisable at $0.10 per share and expires in two years.
• All securities are subject to a hold period of four months and one day; proceeds will be used for general working capital and corporate purposes.

Key Details

• Total Offering Size: 13,750,000 units
• Unit Price: $0.05 per unit
• Aggregate Gross Proceeds: $687,500
• Unit Composition: 1 common share + 1 full purchase warrant (exercisable at $0.10)
• Hold Period: 4 months + 1 day from issuance date, per TSXV rules
• Finder’s Fee – First Tranche: $1,200 cash to Haywood Securities Inc.; 24,000 broker warrants issued
• Finder’s Fee – Second Tranche: $4,400 cash to Ventum Financial Corp.; 176,000 broker warrants issued
• Broker Warrant Terms: Each warrant converts into one common share at $0.10 per share; expires two (2) years from issuance date
• Use of Proceeds: General working capital and corporate purposes

Notable Quotes

(No direct quotes were provided in the release.)