G Mining Closes G2 Goldfields Acquisition
G Mining Ventures (TSX: GMIN)
Announced the successful completion of the plan of arrangement under the Canada Business Corporations Act pursuant to which GMIN has acquired all of the issued and outstanding common shares of G2 Goldfields Inc. and G2 has completed a spin-out transaction with G3 Goldfields Inc.
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TZ mine in Brazil, courtesy of G Mining Ventures
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| G Mining Ventures | TSX: GMIN | |
| Stage | Development + Exploration | |
| Metals | Gold | |
| Market cap | C$9.72 billion @ C$40.92 | |
| Location | Brazil, Guyana | |
| Website | www.gminingventures.com |
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G Mining Ventures and G2 Goldfields Announce Closing of Arrangement
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BROSSARD, QUÉBEC and TORONTO, ONTARIO, July 29, 2026 – G Mining Ventures Corp. (“GMIN”) (TSX: GMIN, OTCQX: GMINF) and G2 Goldfields Inc. (“G2”) (TSX: GTWO; OTCQX: GUYGF) are pleased to announce the successful completion of the plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act pursuant to which GMIN has acquired all of the issued and outstanding common shares of G2 (the “G2 Shares”) and G2 has completed a spin-out transaction with G3 Goldfields Inc. (“G3”).
Pursuant to the Arrangement, each G2 Share was exchanged for 0.212 of a common share of GMIN and 0.50 of a common share of G3 (collectively, the “Consideration”).
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Louis-Pierre Gignac, CEO, President and Director of GMIN, stated:
“The acquisition of G2 further strengthens our position as we continue to build GMIN into a leading multi-asset intermediate gold producer in the Americas.
“By bringing together two adjacent deposits that form part of the same mineralized system under a single operation, we have created a large-scale, low-cost, fully permitted and fully financed tier-one gold mining complex in one of the world’s most prospective gold districts.
“The combination is expected to generate substantial near- and long-term value for our shareholders through significant operational and capital synergies, including shared infrastructure, optimized mine planning, enhanced operational flexibility, and increased processing capacity.”
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As a result of the completion of the Arrangement, it is expected that the G2 Shares will be delisted from the Toronto Stock Exchange (the “TSX”) and withdrawn from quotation on the OTCQX Best Market of the OTC Markets Group (the “OTCQX”) and that G2 will cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws.
G3 has applied to list its common shares for trading on the Canadian Securities
Exchange (“CSE”), with listing subject to G3 meeting the listing requirements of the CSE.
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To read the full news release, please click HERE
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in G Mining Ventures.
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