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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver.


TSX:GENM - Post by User

Post by tarsandson Jan 04, 2021 3:44pm
152 Views
Post# 32217224

Sheez your answer is

Sheez your answer is

Toronto, Ontario--(Newsfile Corp. - December 31, 2020) - Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) ("Generation Mining" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") through the issuance of 4,292,367 common shares of the Company issued on a flow-through basis (each, a "FT Share") at a price of C$0.77 per FT Share for gross proceeds of C$3,305,122.59. Eric Sprott purchased 2,000,000 FT Shares of the Offering.

Now what was that link and what was your question?

Answer is that is the alottment he took for his flow throughs. He will get a tax break from the flow throughs as well.
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