G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) have 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. This transaction is significant as it consolidates G Mining Ventures' position in the precious metals sector and provides G2 shareholders with continued exposure to gold through both entities.
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. The company 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. The acquisition of G2 Goldfields is expected to enhance G Mining Ventures' portfolio and accelerate its growth trajectory.
The announcement underscores the strategic importance of consolidation in the mining sector, where companies seek to optimize assets and reduce costs. By acquiring G2, G Mining Ventures gains access to G2's gold properties, which complement its existing operations. The spinout of G3 Goldfields allows G2 shareholders to retain exposure to a focused exploration company, potentially unlocking value from G2's non-core assets.
For more details, visit the full press release at https://ibn.fm/J1PgZ. Investors can also stay updated on G Mining Ventures via their newsroom at https://ibn.fm/GMINF.
