G Mining Ventures (TSX: GMIN)

Announced that its shareholders have approved a special resolution authorizing the plan of arrangement with Reunion Gold Corporation previously announced on April 22, 2024, at the annual general and special meeting of Shareholders held earlier today.

 

 

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G Mining Ventures	TSX: GMIN
Stage	Development + Exploration
Metals	Gold
Market cap	C$1.2 billion @ C$2.63
Location	Tapajos, Para State, Brazil
Website	www.gminingventures.com

 

 

 

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G Mining Ventures Announces Shareholder Approval of Arrangement with Reunion Gold

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BROSSARD, QC, July 9, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that its shareholders (the “Shareholders”) have approved a special resolution (the “Arrangement Resolution”) authorizing the plan of arrangement (the “Arrangement”) with Reunion Gold Corporation (“Reunion Gold”), previously announced on April 22, 2024, at the annual general
and special meeting of Shareholders held earlier today (the “Meeting”).

Under the Arrangement, a new entity (“New GMIN”) will be formed to hold and manage the combined business of GMIN and Reunion Gold, which, subject to the approval of the Toronto Stock Exchange (the “TSX”), will be listed on the TSX in substitution
of GMIN.

 

(All amounts are in USD unless stated otherwise)
o G Mining shareholders overwhelmingly approved the combination with Reunion Gold
o The arrangement is expected to close on or around July 15th, 2024
o The $50 million private placement with La Mancha and Franco-Nevada was also approved and is expected to close on or around July 12th, 2024

For the Arrangement to proceed, the Arrangement Resolution required approval by (i) at least two-thirds of the votes cast by the Shareholders present in person or represented by proxy at the Meeting, (ii) a majority of the votes cast by the Shareholders present in person or represented by proxy at the Meeting, excluding the votes attached to the shares held by La Mancha Investments S.à r.l. (“La Mancha”) and its related parties
and joint actors; and (iii) pursuant to the rules of the TSX, a majority of the votes cast by the Shareholders present in person or represented by proxy at the Meeting.

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To View G Mining’s historical news, please click here

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To read the full news release, please click HERE

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in G Mining Ventures.

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