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. For more details, see the full press release at https://ibn.fm/J1PgZ.
This acquisition is significant for G Mining Ventures as it expands its portfolio of precious metal projects in mining-friendly jurisdictions. GMIN is already anchored in Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, and in Guyana with the Oko West Project. The addition of G2's assets positions GMIN to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise.
The transaction structure also creates value for G2 shareholders through the spinout of G3 Goldfields, which will focus on advancing other gold projects. G3's application to list on the Canadian Securities Exchange provides a potential liquidity event for investors. This strategic move reflects a trend in the mining industry of consolidating assets to achieve operational efficiencies and unlock shareholder value.
Investors should monitor the closing conditions and the listing of G3 shares. The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF.
