Germanium Mining Corp. Announces Closing of Private Placement

Executive Summary

• Germanium Mining Corp. closed a private placement of 1,250,000 units at $0.20 per unit, raising CAD $250,000 in gross proceeds.
• Proceeds are earmarked for exploration activities and general corporate purposes; no finders’ fee was paid.
• At the annual general meeting, shareholders approved increasing the board to four directors, appointed four new directors, and re‑appointed DMCL LLP as auditors.

Key Details

• Private Placement Structure: 1,250,000 units; each unit = 1 common share + 1 transferable warrant.
• Pricing & Proceeds: $0.20 per unit; gross proceeds of CAD $250,000.
• Warrant Terms: Each warrant allows purchase of one additional share at $0.30 per share for 12 months from issuance.
• Use of Proceeds: Allocation to exploration activities and general corporate purposes, including arm‑length payables.
• Holding Period: All securities subject to a four‑month‑plus‑one‑day hold period as required by securities legislation.
• Corporate Governance – AGM (Dec 23, 2025):
• 1,778,056 common shares voted (15.3% of outstanding).
• Board size set at four directors.
• New directors appointed: Emily Sewell, Mario Pezzelle, Benoit Moreau, Dennis Aalderink.
• DMCL LLP re‑appointed as auditors for fiscal year ending March 31, 2026.
• Equity Incentive: Grant of 613,000 restricted share units to consultants under the omnibus equity incentive plan.

Notable Quotes

(No direct quotes included in the release.)