Generation Mining Announces Non- Brokered Flow-Through Financing
Generation Mining Announces Non-
Brokered Flow-Through Financing
Toronto, Ontario – August 27, 2019 – Generation Mining Limited (CSE:GENM) (“Gen Mining”
or the “ Company”) 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 F low-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 t hrough 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
Forward-Looking Information
This news release includes certain information that may be deemed “forward -looking information” under
applicable securities laws. All statements in this release, other than state ments of historical facts, that
address acquisition of the Property and future work thereon, mineral resource and reserve potential,
exploration activities and events or developments that the Company expects is forward-looking information.
Although the Com pany believes the expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments
may differ materially from those in the statements. There are certain factors that could cause actual results
to differ materially from those in the forward-looking information. These include the results of the Company’s
due diligence investigations, market prices, exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the forward-looking information. For
more information on the Company, investors are encouraged to review the Company’s public filings at
www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise, other than as
required by law.