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. The transaction represents a strategic consolidation of gold assets in mining-friendly jurisdictions, including Brazil and Guyana.
G Mining Ventures is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. The company is currently anchored in Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana with the Oko West Project. The acquisition of G2 Goldfields adds significant exploration potential and further diversifies its asset base.
The importance of this announcement lies in the consolidation of two companies with complementary assets, creating a stronger entity capable of advancing projects through development and production. The expected close in late July 2026 provides a clear timeline for shareholders and the market. For more details, the full press release can be accessed at https://ibn.fm/J1PgZ.
This transaction underscores the ongoing trend of consolidation in the mining sector, as companies seek to optimize portfolios and achieve economies of scale. The spinout of G3 Goldfields allows G2 shareholders to retain exposure to certain assets while benefiting from the combined entity's growth prospects. Investors can find the latest news and updates relating to GMINF in the company’s newsroom at https://ibn.fm/GMINF.
