Germanium's $250,000 placement fully subscribed

Executive Summary

• Germanium Mining Corp. completed its previously announced non‑brokered private placement of 1.25 million units at $0.20 per unit, fully subscribed in six hours for gross proceeds of $250,000.
• Net proceeds will be used to fund exploration activities and general corporate purposes, including payment of arm’s‑length payables.
• No finders’ fee is payable; securities are subject to a four‑month‑plus‑one‑day hold period under applicable securities legislation.

Key Details

• Placement Size: 1.25 million units
• Price per Unit: $0.20 (C$)
• Gross Proceeds: $250,000 (C$) – fully subscribed within six hours of announcement
• Use of Proceeds: Primarily for exploration activities; also for general corporate purposes and arm’s‑length payables
• Finders’ Fee: None payable on this financing
• Hold Period: Securities issued are subject to a hold period of four months and one day as required by securities legislation
• Regulatory Approval: Subject to standard Canadian Securities Exchange (CSE) approval

Notable Quotes

(No direct quotes were provided in the release.)