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GENERATION MINING ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $30 MILLION
GENERATION MINING ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $30 MILLION Canada NewsWir...
About this update from Generation Mining Ltd.
[{"type":"text","content":"\n\n\nGENERATION MINING ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $30 MILLION\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Jan. 8, 2026 /CNW/ - Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) (\"Generation Mining\" or the \"Company\") is pleased to announce that due to investor demand, it has entered into an amended agreement with Stifel Canada to act as sole bookrunner, on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), to increase the size of its previously announced a \"bought deal\" private placement offering, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 41,670,000  units of the Company (the \"Units\") at a price of C$0.72 per Unit (the \"Issue Price\") for aggregate gross proceeds of C$30,002,400 (the \"Offering\"), with the Common Shares to be offered and sold pursuant to the Listed Issuer Financing Exemption (as defined herein).\nEach Unit shall be comprised of one common share of the Company (each a \"Common Share\") and one-half of one Common Share purchase warrant (each full warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $1.00 for a period of 24 months following the Closing Date (as defined herein).\nThe Company has granted the Underwriters an option (the \"Over-Allotment Option\"), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as defined below), to purchase up to an additional number of Units (the \"Additional Units\") equal to 15% of the number of Units sold pursuant to the Offering at a price per Additional Unit equal to the Offering Price to cover overallotments, if any, and for market stabilization purposes.\nThe net proceeds from the Offering are expected to be used by the Company to advance exploration and development at the Company's Marathon Project, for working capital...