Announced financings: Oct. 27

Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. Generation Mining Ltd. (CSE: GENM)

• Gross Proceeds: $15 million (bought deal)
• Sector: Base metals
• Units issued: 42.86 million; 9.68 million
• Type: Special units; Flow-through units
• Price: $0.28; $0.32
• Warrants: 1/5th; $0.50; Three years
• Agents: Haywood Securities
• Use of Proceeds: Project development

Company breakdown:

• Palladium and copper miner focused on the Marathon project in northwestern Ontario
• Prefeasibility study shows a $1.16 billion net present value for Marathon
• Recently sold its Davidson molybdenum property

2. Pan American Energy Corp. (CSE: PNRG)

• Gross Proceeds: $3.5 million
• Sector: Battery metals
• Units issued: 8.75 million
• Type: Special units
• Price: $0.40
• Warrants: Full; $0.55; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Battery metals junior with projects in Ontario and Nevada
• Recently selected a drilling contractor for its Big Mack project

3. Laurion Mineral Exploration Inc. (TSX-V: LME)

• Gross Proceeds: $2.7 million
• Sector: Precious metals
• Units issued: 4.82 million
• Type: Flow-through shares
• Price: $0.56
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Exploration expenses

Company breakdown:

• Junior exploration company focused on the Ishkoday gold project in Ontario
• Recently started a drill program at Ishkoday
• Recently acquired another project in Twin Falls, Idaho