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 satisfied by the end of July 2026, with the transaction expected to close shortly thereafter. The acquisition 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 because it consolidates G Mining Ventures' portfolio of precious metal projects in mining-friendly jurisdictions. GMIN is already anchored in Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, as well as in Guyana with the Oko West Project. Adding G2's assets, which include the Oko West project in Guyana, strengthens GMIN's position in the region and aligns with its strategy to grow into the next mid-tier precious metals producer by leveraging access to capital and proven development expertise.
The transaction also creates value for G2 shareholders through the spinout of G3 Goldfields, allowing them to retain exposure to G2's other exploration assets. For GMIN, the acquisition is expected to enhance its production profile and resource base, supporting its long-term growth objectives. Investors can follow the latest updates on GMINF through the company's newsroom at https://ibn.fm/GMINF.
The successful closing of this deal will mark a key milestone for G Mining Ventures as it continues to execute its strategy of mine development and consolidation. The company is well-positioned to benefit from the value uplift that comes from successful mine development, and the addition of G2's assets is expected to contribute to this goal. For more details on the press release, visit https://ibn.fm/J1PgZ.
This announcement underscores the ongoing consolidation in the precious metals mining sector, as companies seek to optimize their portfolios and achieve economies of scale. G Mining Ventures' acquisition of G2 Goldfields is a strategic move that could enhance its competitive position in the global mining industry.
