Mr. Mario Pezzente reports
GERMANIUM MINING CLOSES SECOND TRANCHE OF FLOW-THROUGH OFFERING
Germanium Mining Corp. has closed the second and final tranche of a non-brokered private placement consisting of 200,000 flow-through (FT) units at a price of 24 cents per FT unit for gross proceeds of $48,000.
Each FT unit consists of one common share of the company to be issued as a flow-through share (as defined in Subsection 66(15) of the
Income Tax Act
(Canada)) and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one non-flow-through common share at a price of 30 cents per warrant share for a period of three years from the closing of the offering.
The aggregate gross proceeds from the offering are intended to be used to complete mapping and sampling this summer at the company's flagship project known as Lac du Km 35 before the company's anticipated maiden drilling program at the project this fall.
All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after the closing date.
Also, further to the company's June 15, 2026, news release, the company has decreased the number of stock options granted by 150,000 and decreased the number of restricted share units (RSUs) granted by 200,000.
About Germanium Mining Corp.
Germanium Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada's top mining jurisdictions.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.