Generation Uranium Raises $400K for Exploration

Generation Gold Corp. Class A (TSE:GEN) has released an update.

Generation Uranium Inc. has successfully raised CAD$400,000 through a non-brokered private placement, with the funds earmarked for exploring new drill targets on the Yath Uranium Project in Nunavut and for general working capital. Investors in this offering will face resale restrictions on their shares, with 50% being restricted for six months and the remaining 50% for eight months post-closing. The company is also engaged in the development of the Arlington Property in British Columbia, alongside its Nunavut project.

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