G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced that its largest shareholder, La Mancha Investments S.à r.l., has exercised its top-up right under an investor rights agreement to increase its ownership stake to approximately 19.9%. In connection with this transaction, the company will issue 9,311,745 common shares to La Mancha at CAD45.89 per share for aggregate gross proceeds of about CAD427 million. The closing is expected on or about March 11, 2026, subject to customary conditions including Toronto Stock Exchange approval.
The proceeds are intended to reduce reliance on debt related to the development of the Oko West Gold Project, increase exploration activities, accelerate debt repayment, and support general corporate purposes. This significant capital injection highlights strong shareholder confidence in G Mining Ventures’ strategy and its flagship projects. The Oko West Gold Project in Guyana is a key asset for the company, and the additional funding will help de-risk its development and potentially accelerate its timeline to production.
G Mining Ventures is well-positioned to grow into the next mid-tier precious metals producer, leveraging strong access to capital and proven development expertise. The company is anchored in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana with the Oko West Project. The Tocantinzinho Gold Mine, which began commercial production in 2024, provides a solid operational base, while the Oko West Project offers significant growth potential.
The exercise of the top-up right by La Mancha, a long-term strategic investor, underscores the value they see in G Mining Ventures’ assets and management team. This investment will strengthen the company’s balance sheet and provide financial flexibility to advance its portfolio of projects. For more details, the full press release is available at https://ibn.fm/aM4iP.
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 in the company’s newsroom at https://ibn.fm/GMINF.
