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 for shareholders of both companies as it creates a new entity with a combined portfolio of precious metal projects. G Mining Ventures is already anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana, with the Oko West Project. By acquiring G2, G Mining expands its footprint and positions itself for growth as a mid-tier precious metals producer.
For G2 shareholders, the transaction provides immediate value through the share exchange and continued exposure to G3's assets. The spinout of G3 allows G2's existing shareholders to retain a stake in a separate entity focused on specific projects, potentially unlocking additional value.
The mining industry has been witnessing consolidation as companies seek to optimize portfolios and benefit from economies of scale. This deal exemplifies that trend, combining G Mining's proven development expertise with G2's assets to create a stronger player in the precious metals space.
Investors should note that the completion of the transaction is subject to customary conditions, including regulatory approvals. The companies have indicated that they expect to satisfy these conditions by the end of July 2026, with closing shortly thereafter.
For more details, the full press release is available at https://ibn.fm/J1PgZ. Updates on G Mining Ventures can be found in the company's newsroom at https://ibn.fm/GMINF.
