Generation Mining Ltd. is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement financing of flow-through common shares . The Company issued 5,750,000 Flow-Through Shares at a price of $0.315 per Flow-Through Share for aggregate gross proceeds of $1,811,250. In connection with the completion of the first tranche of the Offering, the Company paid a cash commission [...]
Generation Mining Ltd. is pleased to announce that it intends to complete a non-brokered private placement financing of up to 6,400,000 common shares that are "flow-through shares" within the meaning of the Income Tax Act 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 [...]
Generation Mining Ltd. is pleased to announce that it has staked 215 new claim blocks totaling 4558 hectares. This will increase the companies land position to include 45 leases and 1071 claims which total 21,965 hectares or 219.65 square kilometers. The newly staked ground was acquired based on the unique magnetic signature of the Eastern Gabbro series rocks which host palladium and copper mineralization at the main [...]
Generation Mining Ltd. is pleased to announce that it has signed a contract with Chibougamou Drilling for a 12,000-metre drilling program on its Marathon palladium project in northern Ontario. Two drills and crews have been mobilized to site and drilling commenced August 14th, 2019. The program is designed to test several high-priority sites on the 219.65 sq. km. property along a strike length of more than 40 km. Targets [...]
Generation Mining Ltd. is pleased to announce the following additions to its team: John McBride, MSc., P.Geo., has joined Gen Mining as the Company’s Senior Exploration Geologist and has been working on Gen Mining’s PGM-copper project near Marathon, Ontario, periodically since 2007 when he graduated from Lakehead University with a HBSc. in geology. He obtained an MSc. in geology from Lakehead in 2010. He has [...]
Generation Mining Ltd. is pleased to announce that it has commenced a passive seismic survey on the Sally area of the Company’s Marathon Platinum Group Metals property in Northwestern Ontario. The Sally area is situated 20 km from the Town of Marathon and 15 km northwest along strike from the main Marathon PGM-Cu Deposit along the highly prospective margin of the Coldwell Complex. The survey is designed to identify [...]
Generation Mining Ltd. is pleased to announce that at its annual shareholder meeting on July 11, 2019 shareholders voted over 99% in favour of all resolutions presented to the meeting, which included the election of the directors, the appointment of the Company's auditors, and the approval of the Company's stock option plan. At the Meeting shareholders elected each of the incumbent directors of the Company, in addition to [...]
Further to its press releases dated April 17, 2019, June 14, 2019 and June 25, 2019, Generation Mining Ltd. has, through a wholly-owned subsidiary, completed the acquisition of a 51% initial interest in the Marathon palladium project located near Marathon, Ontario, from Stillwater Canada Inc. , a wholly owned subsidiary of Sibanye Gold Limited , and entered into a joint venture agreement with respect to the Property. Gen [...]
Generation Mining Ltd. has signed an acquisition agreement with Sibanye Gold Ltd., trading as Sibanye-Stillwater, pursuant to which, on closing the Company will earn an initial 51-per-cent interest in Sibanye-Stillwater's Marathon PGM deposit located near Marathon, Ontario and form an unincorporated joint venture with Stillwater Canada Inc. The property consists of 45 mining leases totalling 8450 hectares, and an [...]
Further to its press release dated April 17, 2019, Generation Mining Ltd. announces that the exclusivity period for Gen Mining to acquire a majority interest in the Marathon Platinum Group Metals Ltd. Property in Ontario from Sibanye Gold Limited has been extended to June 28, 2019. On April 17, 2019, pursuant to a binding letter of intent between Gen Mining and Sibanye the Company was granted exclusivity as an initial [...]
Generation Mining Ltd. is pleased to announce that it has completed its previously announced bought deal private placement of 28,572,000 subscription receipts at a price of C$0.28 per Subscription Receipt for aggregate gross proceeds of C$8,000,160 . The Offering was led by Haywood Securities Inc., on behalf of a syndicate of underwriters including Canaccord Genuity Corp., PowerOne Capital Markets Limited and PI Financial [...]
Generation Mining Ltd. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. , as lead underwriter on behalf of a syndicate of underwriters including Canaccord Genuity Corp., PowerOne Capital Markets Limited and PI Financial Corp. , pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 28,572,000 subscription receipts at a [...]
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