On June 24, 2025, Generation Mining Limited completed a bought deal private placement of 31,082,200 units, which included the exercise of the underwriters’ option in full, at a price of $0.37 per unit, pursuant to the Listed Issuer Financing Exemption, for gross proceeds of approximately $11.5 million.
Each unit comprised of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of $0.48 at any time from August 24, 2025 until August 24, 2028.
Cassels acted for Generation Mining.