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 closing 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 acquisition is a strategic move for G Mining Ventures, which is already anchored in mining-friendly jurisdictions including Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, and Guyana, with the Oko West Project.
The transaction underscores G Mining Ventures' strategy to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. By acquiring G2 Goldfields, the company consolidates additional gold assets in Guyana, a region known for its favorable mining policies and significant gold potential. The spinout of G3 Goldfields allows G2 shareholders to retain exposure to exploration upside while G Mining Ventures focuses on development and production.
For investors, the completion of this deal is a key milestone. It not only expands G Mining Ventures' asset base but also diversifies its project pipeline across Brazil and Guyana, reducing geographic risk. The timing of the close, expected by late July, provides clarity for shareholders of both companies. G Mining Ventures trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF". More details on the transaction and company updates can be found in the company's newsroom at https://ibn.fm/GMINF.
The mining industry is closely watching this consolidation trend, as mid-tier producers seek to scale up through acquisitions. G Mining Ventures' ability to execute on this deal will test its development expertise and capital management. The successful integration of G2's assets could position the company as a significant player in the gold sector, benefiting from rising gold prices and strong demand for safe-haven assets.
