Business
Generation Uranium Announces $800,000 Non-Brokered Private Placement
(TheNewswire) Vancouver, British Columbia – May 15, 2026 – TheNewswire - ...
About this update from Generation Uranium Inc Class A
[{"type":"text","content":"Generation Uranium Announces $800,000 Non-Brokered Private Placement\n(TheNewswire)\n\n\nVancouver, British Columbia – May\n15, 2026 – TheNewswire - Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (the “Company” or “Generation”) announces a non-brokered private placement of up to $800,000\nthrough the issuance of up to 11,428,571 units (the “Units”) at a\nprice of $0.07 per Unit.\n\n\nEach Unit will be comprised of one common share and\none-half of one common share purchase warrant (a “Warrant”). Each\nwhole Warrant is exercisable to purchase one common share at a price\nof $0.12 per share for a period of two years from the date of the\nclose of the financing. \n\n\n \n\n\nThe Company intends to pay finders fees in accordance\nwith the policies of the TSX Venture Exchange. The private placement\nis subject to approval by the TSX Venture Exchange and all securities\nare subject to a four-month hold period.  \n\n\n \n\n\nProceeds raised from the issuance of the Units will be\nused by Generation for exploration on its Canadian uranium and critical mineral properties, general\nworking capital, marketing and Project development.  \n\n\n \n\n\nThe securities referred to in this news release have\nnot been and will not be registered under the United States Securities\nAct of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or\nsold within the United States or to, or for the account or benefit of,\nU.S. persons absent registration under the U.S. Securities Act and\napplicable state securities laws, unless an exemption from such\nregistration is available. This news release does not constitute an\noffer for sale of securities for sale, nor a solicitation for offers\nto buy any securities.  Any public offering of securities in the\nUnited States must be made by means of a prospectus containing\ndetailed information about the company and management, as well as\nfinancial statements.  “United States” and “U.S. person” have\nthe respective meanings assigned in Regulation S under the U.S\nSecurities Act.\n\n\n \n\n\nFurther to the Company’s news release of May 12,\n2026, the TSX Venture Exchange has requested further details in\nrelation t...