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11:06:09 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Generation Uranium Inc
Symbol GEN
Shares Issued 16,124,332
Close 2024-02-02 C$ 0.075
Market Cap C$ 1,209,325
Recent Sedar Documents

Generation Uranium arranges $400,000 private placement

2024-02-07 01:12 ET - News Release

Subject: Generation Uranium News (TSXv: GEN) Word Document File: '\\swfile\EmailIn\20240206 204109 Attachment Generation Uranium Announces Non-Brokered Private Placement .docx' GENERATION URANIUM CORP. Generation Uranium. 905 W Pender Street, Vancouver, British Columbia, V6C 1L6 Generation Uranium Announces Non-Brokered Private Placement Vancouver, British Columbia, Canada, February 7th, 2024 - Generation Uranium Corp. (the "Company" or "Generation"), (TSXV: GEN) is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to CAD$400,000 (the "Offering"). The Company intends to issue up to 4,000,000 million shares of the Company, at a purchase price of $0.10 per share. Each share will be comprised of one common share (each a "Common Share") in the capital of Generation. No warrants will be issued as part of the Offering. The Company intends to use the net proceeds from the Offering to help define new drill targets on our Yath Project, a high-grade uranium property situated in the Thelon Basin in Nunavut, Canada, and general working capital. Insiders may participate in the placement and, as such, their participation in the Private Placement isa related-party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. Finders' fees in connection with the Offering may be payable in accordance with the policies and subject to the approval of the Exchange ("TSXV"). All Shares issued in connection with the Offering will be subject to a statutory holding period of four months and one day after the closing of the Offering. Completion of the Offering is subject to the approval of the TSXV. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer. FOR FURTHER INFORMATION CONTACT Anthony Zelen President and Chief Executive Officer Anthonyzelen88@gmail.com 778-388-5258 About Generation Uranium The Company is a natural resource company engaged in the exploration and development of mineral properties. The Company holds an option to acquire a 60% interest in and to the Arlington Property, located within the Arrow Boundary District of south-central British Columbia, and holds a 100% interest in the Yath Uranium Project, located in the Territory of Nunavut. Forward-Looking Statements This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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