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 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 is significant as it combines G Mining Ventures’ proven development expertise and strong access to capital with G2 Goldfields’ assets. G Mining Ventures is currently anchored in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana with the Oko West Project. The acquisition is expected to bolster G Mining Ventures’ position as a mid-tier precious metals producer.
For more details, the full press release is available at https://ibn.fm/J1PgZ. Investors can also stay updated via the company’s newsroom at https://ibn.fm/GMINF.
This announcement comes as part of a broader trend in the mining industry where companies are consolidating to achieve economies of scale and operational efficiencies. The successful closure of this deal could set a precedent for future acquisitions in the sector.
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