Mr. Mario Pezzente reports
GERMANIUM MINING CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Germanium Mining Corp. has closed its previously announced private placement (see news release of Dec. 9, 2025) totalling 1.25 million units at 20 cents per unit for gross proceeds of $250,000. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at 30 cents per share for a period of 12 months from the date of issuance.
The net proceeds from the placement will be allocated toward exploration activities and for general corporate purposes, including arm's-length payables. No finder's fee was payable on this financing. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day as required under applicable securities legislation.
At the company's annual general meeting, held on Dec. 23, 2025, a total of 1,778,056 common shares, or 15.3 per cent of the 11,612,217 issued and outstanding common shares of the company, as at the record date of the meeting, were voted at the meeting by proxy.
The following matters were approved by the affirmative vote of the requisite majority of the votes represented at the meeting:
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Setting the number of directors of the company at four;
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Appointing Emily Sewell, Mario Pezzente, Benoit Moreau and Dennis Aalderink as directors; and
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Appointing DMCL LLP as auditor of the company for the fiscal year ending March 31, 2026.
In addition, the company has granted a total of 613,000 restricted share units to consultants under the company's omnibus equity incentive plan.
About Germanium Mining Corp.
Germanium is a publicly traded mineral exploration company focused on the exploration and advancement of discovery-stage mineral properties in mining jurisdictions in North America, and is a member of the Nevada Mining Association.
We seek Safe Harbor.
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