Generation Mining increases financing to $30-million

Executive Summary

• Generation Mining Ltd. has upsize its previously announced bought deal private placement financing to $30 million due to investor demand.
• The offering consists of 41.67 million units priced at 72 cents per unit, with net proceeds designated for the advancement of the Marathon project, working capital, and general corporate purposes.
• Each unit includes one common share and a half warrant, exercisable at $1 per share for 24 months, with an overallotment option for the underwriters.

Key Details

• Transaction Structure: Upsized bought deal private placement.
• Gross Proceeds: $30,002,400.
• Units Sold: 41.67 million units.
• Price Per Unit: 72 cents.
• Underwriter: Stifel Canada, acting as sole bookrunner for a syndicate of underwriters.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.00 for a period of 24 months following the closing date.
• Overallotment Option: The underwriters have an option to purchase up to an additional 15% of the units (approx. 6.25 million units) at the same offering price to cover overallotments and for market stabilization, exercisable within 30 days of closing.
• Use of Proceeds: Advancing exploration and development at the Marathon project, working capital, and general corporate purposes.
• Regulatory Basis: Listed issuer financing exemption; private placement in the US under the Securities Act of 1933.
• Expected Closing Date: On or about January 15, 2026.
• Conditions: Subject to regulatory approvals, including Toronto Stock Exchange approval.

Notable Quotes

• None explicitly quoted in the text provided.