G Mining Ventures Targets Late July Close for G2 Goldfields Acquisition

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. This strategic move consolidates gold assets in the Guiana Shield and positions G Mining Ventures to grow into a mid-tier precious metals producer.

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. G Mining Ventures, which already operates the Tocantinzinho Gold Mine in Brazil and the Oko West Project in Guyana, will add G2's gold assets to its portfolio, further strengthening its position in mining-friendly jurisdictions.

The acquisition is significant for investors as it combines G Mining Ventures' proven development expertise with G2's exploration potential. G Mining Ventures has a track record of successful mine development, and the addition of G2's assets is expected to create value through operational synergies and expanded resource base. The spinout of G3 Goldfields also provides shareholders with direct exposure to early-stage exploration assets. The transaction underscores the consolidation trend in the gold mining sector, where companies seek to optimize portfolios and reduce risks through strategic mergers and acquisitions.