Generation Mining Begins Trading ON OTCQB Market Under Ticker Genmf
GENERATION MINING BEGINS
TRADING ON OTCQB MARKET UNDER
TICKER GENMF
Toronto, Ontario – June 8, 2020 – Generation Mining Limited (CSE:GENM) (“Gen Mining”,
“Generation”, or the “Company”) is pleased to announce that its common shares are now trading
on the OTCQB Venture Marketplace (the "OTCQB Venture"), a US trading platform that is
operated by the OTC Markets Group in New York. The Company will trade on the OTCQB
Venture under symbol "GENMF"; the Company's common shares will continue to trade on the
CSE under the symbol "GENM". Nauth LPC acted as the Company’s OTC Markets Sponsor.
"Listing on the OTCQB Venture is part of our strategy to introduce the Company to a broader
audience," said Jamie Levy, President of Gen Mining. "We believe trading on the OTCQB will
help us to introduce the company and enhance liquidity by providing our current and future
American investors with a trading platform."
Currently, there are 130,505,937 common shares of the Company outstanding. Generation is well
financed for the next phases of work, including the upcoming feasibility study and the restart of
the permitting process at the Marathon Palladium Project, with approximately $14.3-million in
cash.
About the Marathon Palladium Project
The Marathon Deposit is the largest undeveloped platinum group metal Mineral Resource in
North America. The Marathon Property covers a land package of approximately 22,000 hectares,
or 220 square kilometres. Generation Mining acquired a 51% interest in the Marathon Property
from Sibanye Stillwater on July 10, 2019 and can increase its interest to 80 per cent by spending
$10 million over a period of four years. As of Q1, 2020, approximately $4 million of the $10
million has already been spent. Sibanye Stillwater has certain back-in rights that can bring its
interest in the Property back to 51 per cent after such time as Generation Mining has earned its
80-per-cent interest (see the company's press release of July 11, 2019, for more details).
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 statements 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 Company 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.