- Generation Mining (GENM) has received C$7.4M from 10,123,494 exercised warrants
- Eric Sprott exercised 4,807,693 warrants for $3.6M and now owns 9.1 per cent of the company
- The company now holds $9.5M in cash with no common share purchase warrants
- Generation Mining is developing the Marathon Project, a large platinum group metal deposit in northwestern Ontario
- Generation Mining (GENM) is up by 3.45 per cent trading at $0.90 per share
Generation Mining (GENM) has received C$7.4M from 10,123,494 exercised warrants.
Common share purchase warrants were exercisable at $0.75 while broker warrants were exercisable at $0.52.
They expired on February 13, 2022, with $5.7M exercised in 2022.
Eric Sprott exercised 4,807,693 warrants for $3.6M. He now owns 16,423,079 shares representing 9.1 per cent of the company.
Generation now has 179,917,408 common shares outstanding with no common share purchase warrants.
It holds approximately $9.5M in cash.
“We are extremely excited to have Mr. Sprott increase his equity ownership in the company. He has been a significant supporter of our company for several years,” stated Jamie Levy, Generation’s President and CEO.
Generation Mining is developing the Marathon Project, a large platinum group metal deposit in northwestern Ontario.
Generation Mining (GENM) is up by 3.45 per cent trading at $0.90 per share as of 9:57 am EST.
