Generation Uranium Announces Announces Closing Of Second And Final Tranche Of Private Placement

Executive Summary

• Generation Uranium Inc. closed the second and final tranche of its non‑brokered private placement, issuing 10,400,000 common shares at $0.05 per share for gross proceeds of $520,000.
• Combined with the first tranche, total funds raised to date amount to $687,500 from the issuance of 13,750,000 common shares.
• The company granted 2,625,000 stock options to directors, officers and consultants at an exercise price of $0.075 per share, exercisable for two years.

Key Details

• Offering Size: 10,400,000 common shares @ $0.05/share → $520,000 gross proceeds (second tranche).
• Aggregate Funding: First + second tranches = 13,750,000 shares → $687,500 total gross proceeds.
• Hold Period: All securities from the second tranche subject to a hold period expiring February 18, 2026.
• Use of Proceeds: General working capital and corporate purposes.
• TSXV Approval: Conditional approval received; final acceptance pending TSXV’s formal acceptance.
• Stock Option Grant: 2,625,000 options granted to directors, officers, consultants; exercise price $0.075 per share; two‑year term from grant date.
• Option Plan: Options issued under the company’s stock option plan and TSXV policies.

Notable Quotes

(No direct quotes were provided in the release.)