G2 Goldfields Shareholders Approve Transaction With G Mining Ventures
G2 Goldfields Inc. (TSX: GTWO)
The Company’s shareholders approved the plan of arrangement involving G2, G Mining Ventures Corp. and G3 Goldfields Inc., pursuant to which, among other things, GMIN will acquire all of the issued and outstanding common shares of G2 and G2 will complete a spin-out transaction with G3.
.
.
| G2 Goldfields | TSX: GTWO | |
| Stage | Development + Exploration | |
| Metals | Gold | |
| Market cap | C$2.64b @ C$10.20 | |
| Location | Guyana | |
| Website | www.g2goldfields.com |
G2 Goldfields Shareholders Approve Transaction With G Mining and G3
Goldfields Spin-Out
| Source: G2 Goldfields Inc.
| Resolution | Number of G2 Shares | Percentage of Votes Cast | ||
| For | Against | For | Against | |
| Approval of the Arrangement | 208,445,379 | 19,585 | 99.99% | 0.01% |
| Approval of J. Patrick Sheridan as a new control person of G3 (excluding shares held by Mr. Sheridan) | 151,685,893 | 15,729,996 | 90.60% | 9.40% |
| Approval of G3 stock option plan | 191,098,940 | 17,366,023 | 91.67% | 8.33% |
| Approval of G3 restricted share unit plan | 204,059,660 | 4,405,303 | 97.89% | 2.11% |
The report of voting results will be made available under the Company’s profile on SEDAR+ (www.sedarplus.ca).
The closing of the Arrangement is expected to occur in July 2026 (such date to be announced by the Company and referred to herein as the “Effective Date”), subject to the satisfaction or waiver of the remaining customary closing conditions, including receipt of the approval of the Ontario Superior Court of Justice (Commercial List).
G2 shareholders will be entitled to receive 0.212 of a GMIN common share and 0.5 of a G3 common share for each G2 Share held as of the close of business on the business day immediately prior to the Effective Date (the “Consideration”).
.
To read the full news release please click HERE
/
——-
The live Spot gold price can be found HERE
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so
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.
.
Disclosure
At the time of writing the author is invested in G2 Goldfields
.