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.
This acquisition is significant as it consolidates G Mining Ventures' portfolio with G2's assets in Guyana, a mining-friendly jurisdiction. G Mining Ventures, which is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise, currently operates the Tocantinzinho Gold Mine in Brazil and the Gurupi Project, and holds the Oko West Project in Guyana. The addition of G2's properties is expected to enhance the company's production pipeline and exploration upside.
The spinout of G3 Goldfields, which will hold certain assets from G2, allows G2 shareholders to retain exposure to exploration-stage projects while gaining shares in a producing company. This structure is intended to unlock value for shareholders by separating advanced and development-stage assets.
Investors should note that the transaction remains subject to regulatory approvals and other customary conditions. For more details, the full press release is available at https://ibn.fm/J1PgZ. G Mining Ventures trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF". The latest news and updates relating to GMINF are available at https://ibn.fm/GMINF.
This announcement underscores G Mining Ventures' strategy to grow through acquisitions and development, positioning the company to benefit from rising precious metals demand. The successful closure of this acquisition could mark a key milestone in the company's journey toward becoming a mid-tier producer with a diversified asset base in stable jurisdictions.
