Germanium arranges $1.35-million private placement

Executive Summary

• Germanium Mining Corp. announced a non-brokered private placement with aggregate gross proceeds of up to $1.35 million.
• The offering consists of two tranches: up to 3,125,000 units priced at 24 cents per unit, and up to 1,875,000 flow-through common shares priced at 32 cents per share.
• Proceeds are designated for general corporate and working capital purposes (units) and eligible Canadian exploration expenses for flow-through critical mineral mining expenditures in Quebec (flow-through shares).

Key Details

• Total Gross Proceeds: Up to $1.35 million.
• Unit Tranche:
  • Quantity: Up to 3,125,000 units.
  • Price: 24 cents per unit.
  • Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to purchase one additional common share at an exercise price of 32 cents per share.
  • Warrant Expiry: 24 months from the issue date.
• Flow-Through Share Tranche:
  • Quantity: Up to 1,875,000 common shares.
  • Price: 32 cents per flow-through (FT) share.
  • Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures related to projects in Quebec.
  • Renunciation: Qualifying expenditures will be renounced in favour of subscribers, effective December 31, 2026.
• Use of Proceeds (Units): Net proceeds from the units are intended for general corporate and working capital purposes.
• Resale Restrictions: Securities are subject to a hold period of four months and one day from the date of issuance.
• Finder’s Fee: The company may pay a finder’s fee to arm’s-length parties in accordance with exchange policies.
• Closing Conditions: Subject to receipt of all necessary corporate and regulatory approvals.

Notable Quotes

• None provided in the text.