G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has announced that its largest shareholder, La Mancha Investments S.à r.l., has exercised its top-up right under an investor rights agreement, increasing its ownership stake to approximately 19.9%. The transaction involves the issuance of 9,311,745 common shares at CAD45.89 per share, generating aggregate gross proceeds of about CAD427 million. The closing is expected on or about March 11, 2026, subject to customary conditions, including approval from the Toronto Stock Exchange.
This investment underscores strong shareholder confidence in G Mining Ventures’ strategic direction. The proceeds are earmarked to reduce reliance on debt related to the development of the Oko West Gold Project in Guyana, increase exploration activities across its portfolio, accelerate debt repayment, and support general corporate purposes. The Oko West project is a key asset for the company, and this capital injection is expected to strengthen its financial position as it advances toward becoming a mid-tier precious metals producer.
G Mining Ventures is focused on the development, operation, and exploration of precious metal projects, with operations in mining-friendly jurisdictions. The company’s assets include the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana. By leveraging strong access to capital and proven development expertise, GMIN aims to capitalize on value uplift from successful mine development.
The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF. For the full press release, visit https://ibn.fm/aM4iP.
