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 positions G Mining Ventures to expand its portfolio of precious metal projects. 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. Currently, G Mining Ventures is 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 transaction also involves the spinout of G3 Goldfields, which will hold certain assets and provide shareholders with an opportunity to participate in the exploration and development of those assets separately. This structure allows G Mining Ventures to focus on its core development and production assets while G3 pursues its own growth strategy.
Investors should note that the closing of the arrangement is subject to customary conditions, including regulatory approvals. The companies have expressed confidence that these conditions will be satisfied by the end of July, enabling the transaction to close shortly thereafter. Upon completion, G2 shareholders will become shareholders of both G Mining Ventures and G3 Goldfields, gaining exposure to a combined entity with enhanced scale and diversification.
The announcement underscores the ongoing consolidation in the precious metals sector, as companies seek to combine assets and expertise to create value. G Mining Ventures' acquisition of G2 Goldfields follows a trend of mergers and acquisitions aimed at building mid-tier producers with robust project pipelines and operational capabilities in favorable jurisdictions.
For more details, the full press release is available at https://ibn.fm/J1PgZ. Additional information about G Mining Ventures can be found in their newsroom at https://ibn.fm/GMINF.
