Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (65798)	8/27/2019 5:08:39 PM
From: Goose94	Read Replies (1) \| Respond to of 203667

Generation Mining (GENM-Cse) Exploration Funds Aug 27, '19 - NR Generation Mining is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") of up to 6,400,000 common shares that are "flow-through shares" within the meaning of the Income Tax Act (Canada) (each a "Flow-Through Share") at a price of $0.315 per Flow-Through Share for aggregate gross proceeds of up to $2,016,000. Jamie Levy, President and Chief Executive Officer of the Company commented, "We are pleased to announce the flow-through financing which is being offered at a premium to the closing price of the Company's shares and an increase from our last financing. We remain committed to increasing the Company's growth potential through exploration of our large mineral lease and claim holdings at our Marathon Palladium Project." All proceeds from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration Expenses at the Company's Marathon properties located in Ontario, Canada. The Company will renounce qualifying expenses as at December 31, 2019. The Flow-Through Shares will be subject to a statutory hold period of four months and one day from the date of closing of the Offering. Closing of the Offering is scheduled to occur on or before August 31, 2019 and remains subject to the approval of the CSE and other customary closing conditions. Certain eligible persons may receive finder fees in connection with the Offering in the way of cash commission. About Generation Mining Limited Generation Mining Limited is a precious and base metal exploration and development company with various property interests throughout Canada. Its primary business objective is to explore and further develop these properties, and to continue to increase its portfolio of base and precious metal property assets through acquisition. The Company's common shares trade on the Canadian Securities Exchange ("CSE") under the symbol GENM. For further information please contact: Jamie Levy President and Chief Executive Officer (416) 640-2934 (416) 567-2440 jlevy@genmining.com