Business
Generation Mining to Commence Trading on the Toronto Stock Exchange on July 15, 2020
TORONTO, July 14, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that it h
About this update from Generation Mining Ltd.
[{"type":"text","content":"TORONTO, July 14, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that it has received final approval for the listing of its common shares on the Toronto Stock Exchange (“TSX”). Effective at market open on July 15, 2020, Gen Mining will commence trading on the TSX under the ticker symbol “GENM”. In connection with the TSX listing, the common shares of the Company were delisted from the Canadian Securities Exchange effective as of the close of business on July 14, 2020. Gen Mining believes that the TSX listing is a significant next step in the Company’s progression, and which should facilitate access to a broader range of investors as well as provide exposure to larger pools of capital, including long-term institutional investors and large investors abroad such as in the USA and Europe. The Company’s common shares continued to be listed in the USA on the OTCQB® Venture Marketplace under the symbol “GENMF”. About the Company Gen Mining’s focus is the development of the Marathon Deposit, the largest undeveloped platinum group metal Mineral Resource in North America. The Marathon Property covers a land package of approximately 22,000 hectares, or 220 square kilometres. Gen Mining acquired a 51% interest in the Marathon Property from Sibanye Stillwater on July 10, 2019 and can increase its interest to 80% by spending $10 million over a period of four years. As at the end of Q1 2020, approximately $4 million of the $10 million has been spent. Sibanye Stillwater has certain back-in rights that allow it to increase its interest in the Marathon Property back up to 51% in certain circumstances and subject to certain conditions after such time as Gen Mining has earned its 80% interest (see the Company's press release of July 11, 2019 for more details). For further information please contact: Jamie LevyPresident and Chief Executive Officer(416) 640-2934(416) [email protected]\" style=\"box-sizing: inherit; color: rgb(86, 87, 87); text-decoration: underline; font-weight: 700;\">[email protected] Forward-Looking Information This news release includes certain information that may be deemed “forward-looking information” under applicable securities laws. All statements in this release, other than statements of historical facts, that address ...