G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) announced that the remaining closing conditions for their proposed plan of arrangement are expected to be completed by the end of July 2026, with the transaction expected to close shortly thereafter. The arrangement will see G Mining Ventures acquire all outstanding G2 shares while G2 completes the spinout of G3 Goldfields.
Under the arrangement, G2 shareholders will receive 0.212 of a G Mining Ventures common share and 0.5 of a G3 Goldfields common share for each G2 share held immediately prior to the effective date. Following closing, G2 shares are expected to be delisted from the Toronto Stock Exchange and OTCQX, while G3 has applied to list its shares on the Canadian Securities Exchange, subject to meeting the exchange’s listing requirements.
To view the full press release, visit https://ibn.fm/J1PgZ.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project as well as Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol “GMIN”.
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF.
This transaction is significant because it consolidates G Mining Ventures’ position in the precious metals sector, adding G2 Goldfields’ assets to its portfolio. The acquisition is expected to close by late July 2026, marking a key milestone for both companies. The deal also involves the spinout of G3 Goldfields, which will list on the Canadian Securities Exchange, providing shareholders with additional value. The implications for investors include potential exposure to a combined entity with a stronger asset base and development pipeline in mining-friendly jurisdictions. The successful completion of the arrangement could enhance G Mining Ventures’ production profile and market position, aligning with its strategy to become a mid-tier precious metals producer.
