This article has been disseminated on behalf of G Mining Ventures Corp. and may include paid advertising.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO, OTCQX: GUYGF) announced a definitive agreement under which G Mining will acquire all outstanding G2 shares in a court-approved plan of arrangement, combining G2’s Oko-Ghanie Project with G Mining’s fully permitted and fully financed Oko West Project in Guyana. The companies said the transaction is expected to create a large-scale, low-cost gold mining hub with combined life-of-mine average production potential exceeding 500,000 ounces annually, while offering synergies across infrastructure, operating and capital costs, mine sequencing and permitting. Under the deal terms, G2 shareholders will receive 0.212 G Mining common shares for each G2 share held, along with shares in a newly created exploration company holding certain non-core G2 assets, funded with C$45 million in cash and supported by a contingent value right tied to future resource milestones.
To view the full press release, visit https://ibn.fm/i9Or2
About G Mining Ventures Corp.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project as well as Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol “GMIN”.
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF
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