Generation Mining Closes Upsized "Bought Deal" Public Offering for Gross Proceeds of Approximately $34.5 Million, Including Full Exercise of Over-Allotment Option
Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) ("Generation Mining" or the "Company") is pleased to announce the closing of its upsized prospectus offering (the "Offering") of units of the Company (the "Units"). The Offering was completed on a "bought deal" basis pursuant to the terms of an underwriting agreement (the "Underwriting Agreement") dated January 9, 2026, among the Company and a syndicate of underwriters including Stifel Canada, as lead underwriter and sole bookrunner, together with BMO Capital Markets and Haywood Securities Inc. (collectively, the "Underwriters"). Pursuant to the terms of the Offering, the Company issued an aggregate of 47,920,500 Units at a price of $0.72 per Unit for aggregate gross proceeds of $34,502,760, including the full exercise by the Underwriters of their over-allotment option.
