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. This transaction is significant as it consolidates gold assets in Guyana, a mining-friendly jurisdiction, and positions G Mining Ventures to grow into a mid-tier precious metals producer.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects. The company is well-positioned to capitalize on the value uplift from successful mine development, leveraging strong access to capital and proven development expertise. 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 of G2 Goldfields will further expand its footprint in Guyana.
For investors, the completion of this acquisition could unlock significant value by combining G Mining's operational expertise with G2's exploration assets. The deal also creates G3 Goldfields as a separate entity focused on advancing its own projects. As noted in the press release, G Mining Ventures trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF". The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF.
The announcement underscores the ongoing consolidation trend in the gold mining sector, as companies seek to optimize portfolios and reduce costs through mergers and acquisitions. With the expected close in late July, stakeholders will be watching for final regulatory approvals and shareholder votes. The full press release can be accessed at https://ibn.fm/J1PgZ.
