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 the 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 development of the Oko West Gold Project, increase exploration activities, accelerate debt repayment and support general corporate purposes. This significant investment underscores La Mancha’s confidence in G Mining Ventures’ strategy and the Oko West project’s potential. According to the press release, the funding will strengthen the company’s balance sheet and provide financial flexibility to advance its growth pipeline.
G Mining Ventures is focused on becoming a mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. The company’s assets include the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana. The Oko West project is a key growth driver, and the additional capital from La Mancha is expected to accelerate its development timeline while reducing debt exposure.
The transaction highlights the ongoing support from major shareholders and positions G Mining Ventures to capitalize on favorable gold market conditions. With the proceeds, the company can also ramp up exploration activities across its portfolio, potentially expanding its resource base. The company’s shares trade on the TSX under the symbol “GMIN” and on the OTCQX under “GMINF”. For more information, visit the company’s newsroom at https://ibn.fm/GMINF.
