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 closing shortly thereafter. The arrangement will see G Mining Ventures acquire all outstanding G2 shares while G2 completes the spinout of G3 Goldfields.
Under the terms of 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 the 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 for G Mining Ventures as it continues to expand its portfolio of precious metal projects. The company is focused on the development, operation, and exploration of precious metal projects, aiming to capitalize on value uplift from successful mine development. 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's current assets are anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, and Guyana, with the Oko West Project.
For G2 Goldfields shareholders, the arrangement offers a stake in both G Mining Ventures and the newly created G3 Goldfields. This structure allows investors to participate in the potential upside of G Mining Ventures' broader portfolio while maintaining exposure to G2's specific assets through G3. The spinout of G3 Goldfields is designed to unlock value for shareholders by creating a separate entity focused on G2's legacy projects.
The transaction is expected to close shortly after the conditions are met, with the target end of July 2026. Investors should monitor the progress of the closing conditions and the subsequent listing of G3 Goldfields shares on the Canadian Securities Exchange. The delisting of G2 shares from the TSX and OTCQX will mark the completion of the acquisition.
For more details, the full press release is available at https://ibn.fm/J1PgZ. The latest news and updates relating to G Mining Ventures Corp. can be found in the company's newsroom at https://ibn.fm/GMINF.
