Vancouver, June 4th, 2024 -
Generation Uranium Inc. , is pleased to announce that it has closed its oversubscribed non-brokered Private Placement of 5,000,000 Units at CAD$0.25 per Unit for total aggregate proceeds of CAD$1,250,000. The final tranche of the Private Placement closed with the issuance of 1,000,000 Units, each consisting of one Common Share of the Company and one Common Share Purchase Warrant at a price of $0.25 per Unit, for aggregate proceeds of CAD $250,000. Each Purchase Warrant is exercisable into one Common Share at an exercise price of $0.45 per share at any time up to 24 months following the closing date. The Common Shares will remain restricted until October 4, 2024. Additionally, the Company maintains a Warrant Acceleration option allowing Generation t...