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GENERATION MINING ANNOUNCES $20 MILLION BOUGHT DEAL PUBLIC OFFERING
Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) ("Generation Mining" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. ("Stifel Canada") to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with Stifel Canada, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 27,780,000 units of the Company ("Units") at a price of $0.72 per Unit (the
About this update from Stifel Financial Corporation
[{"type":"text","content":"/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":168,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Jan. 7, 2026 /CNW/ - Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) ("Generation Mining" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. ("Stifel Canada") to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with Stifel Canada, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 27,780,000 units of the Company ("Units") at a price of $0.72 per Unit (the "Offering Price") for gross proceeds of $20,001,600 (the "Offering").","length":689,"tagName":"p"},{"type":"text","content":"Each 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).","length":359,"tagName":"p"},{"type":"text","content":"The 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.","length":502,"tagName":"p"},{"type":"text","content":"The 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 and for general corporate purposes.","length":207,"tagName":"p"},{"type":"text","content":"The Company intends to complete the Offering pursuant to a prospectus supplement (the "Prospectus Supplement") to the Company's short form...