Germanium Mining Corp. Announces Closing of Private Placement
Thenewswire·2025-12-24 23:35

Core Viewpoint - Germanium Mining Corp. has successfully completed a private placement, raising CAD $250,000 through the issuance of 1,250,000 units at $0.20 per unit, each unit comprising one common share and one warrant [1][2]. Group 1: Private Placement Details - The private placement consists of 1,250,000 units priced at $0.20 each, resulting in gross proceeds of CAD $250,000 [1]. - Each unit includes one common share and one transferable common share purchase warrant, allowing the holder to purchase an additional share at $0.30 for 12 months [1]. - The net proceeds will be used for exploration activities and general corporate purposes, with no finders' fee applicable [2]. Group 2: Company Governance and Shareholder Meeting - At the AGM held on December 23, 2025, 1,778,056 common shares, representing 15.3% of the total issued shares, were voted by proxy [4]. - Key decisions made at the AGM included setting the number of directors at four, appointing four directors, and appointing DMCL LLP as auditors for the fiscal year ending March 31, 2026 [4][6]. Group 3: Company Overview - Germanium Mining Corp. is a publicly traded mineral exploration company focused on discovery-stage mineral properties in North America and is a member of the Nevada Mining Association [5].