Germanium Mining Corp. Closes Non-Brokered Private Placement and Debt Settlement
GERMANIUM MINING CORP. CLOSES NON-BROKERED PRIVATE
PLACEMENT AND DEBT SETTLEMENT
VANCOUVER, BRITISH COLUMBIA, JULY 29, 2025 – GERMANIUM MINING CORP.
(“GERMANIUM MINING” OR THE “COMPANY”) (CSE: GMC; OTCQB: EMSKF; FSE: 1I30)
announces, further to its news release dated July 11, it has closed a non -brokered private placement
consisting of 1,750,000 units (each a “Unit”) at a price of $0.10 per unit for gross proceeds of $ 175,000
(the “Private Placement”). Each unit consists of one common share (each, a “Share”) and one transferable
common share purchase warrant (each, a “ Warrant”). Each warrant entitles the holder to purchase one
additional share of the Company at a price of $0.12 per share for a period of 24 months from the date of
issuance. The Company simultaneously closed a debt settlement, whereby the Company settled $424,753,
in aggregate, in accounts payable through the issuance of 4,247,533common shares at $0.10 per.
The Company relied on the exception set out in Section 4.6(2)(b) of CSE Policy 4 - Corporate Governance,
Security Holder Approvals and Miscellaneous Provisions (the "Policy") with respect to the requirement to
obtain shareholder approval of such transaction whereby the Company is issuing more than 100% of its
issued share capital on a fully diluted basis (relating to the Private Placement warrants). The Company
applied and was granted by the CSE the ex ception from shareholder approval based on the following: the
Company is in financial hardship; has reached an agreement to complete the offering; no related persons as
defined in Policy 1 were allowed to participate in the transactions; and Independent Directors constituting
a majority of the Board’s Independent Directors in a vote in which only Independent Directors participate
have determined that the offering is in the best interests of the Listed Issuer, is reasonable in the
circumstances and that it is not feasible to obtain security holder approval or complete a rights offering to
existing security holders on the same terms, has been approved by the majority of the independent directors
of the Company.
The net proceeds from the placement will be allocated toward exploration activities and for general
corporate purposes including arm’s length payables. All securities issued pursuant to the private placement
and shares for debt settlement will be subject to a statutory hold period of four months and one day as
required under applicable securities legislation.
ON BEHALF OF THE BOARD
Mario Pezzente
CEO & Director
For more information on Germanium Mining Corp. please contact:
Phone: 604-717-6605
Corporate e-mail: [email protected]
Website: www.germaniummining.com
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical
fact that address activities, events, or developments that the Company believes, expects or anticipates will
or may occur in the future are forward-looking statements. Forward-looking statements in this news release
include, but are not limited to, statements regarding the intended use of proceeds of the Offering and other
matters regarding the business plans of the Company. The forward-looking statements reflect
management’s current expectations based on information currently available and are subject to a number
of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-
looking statements including that the Company may use the proceeds of the Offering for purposes other
than those disclosed in this news release; adverse market conditions; and other factors beyond the control
of the Company. Although the Company believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees of future performance and,
accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors
that could cause actual results or events to differ materially from current expectations include general
market conditions and other factors beyond the control of the Company. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved
of the contents or accuracy of this press release.