It’s not surprising to see a flurry of financing activities right before the summer as companies like to top up their treasury ahead of what traditionally is a calm period.
Generation Mining (GENM.TO) is raising C$10M in a bought deal financing priced at C$0.37 per unit. Each unit consists of one common share and half a warrant with each full warrant allowing the warrant holder to acquire an additional share for C$0.48 for a period of 38 months (the three year period starts at 61 days after the closing date) after the financing closes.
Century Lithium (LCE.V) has priced its LIFE offering at C$0.30 per unit with each unit consisting of one common share and a full warrant. Each warrant will allow the warrant holder to acquire an additional share for C$0.45 during a two year period. Century Lithium aims to raise at least C$2M and a maximum of C$5M.
Disclosure: The author has a long position in both companies. None of both is/are a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
