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.
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 focused on becoming a mid-tier precious metals producer. The company currently holds the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana. By acquiring G2 Goldfields, G Mining Ventures will expand its portfolio in Guyana, a mining-friendly jurisdiction, and gain access to G2’s gold assets. The spinout of G3 Goldfields allows G2 shareholders to retain exposure to G2’s non-core assets, while G Mining Ventures focuses on development and production.
The transaction has been structured to provide immediate value to G2 shareholders, who will receive shares in both G Mining Ventures and G3 Goldfields. The exchange ratio of 0.212 G Mining Ventures shares per G2 share implies a premium for G2 shareholders, reflecting the synergies expected from the combination. The delisting of G2 shares from major exchanges underscores the consummation of the deal, while G3’s listing application on the CSE ensures continued trading for the spun-off entity.
G Mining Ventures is well-positioned to finance the acquisition and subsequent development, leveraging strong access to capital and proven mine development expertise. The company’s flagship Tocantinzinho Gold Mine in Brazil is expected to begin production soon, generating cash flow to support growth. The Oko West Project in Guyana, acquired through a previous transaction, adds further upside.
For investors, this acquisition is significant because it consolidates gold assets in two of the world’s most mining-friendly regions—Brazil and Guyana. G Mining Ventures’ track record of successful mine development, combined with the G2 portfolio, could create a leading mid-tier producer. The spinout of G3 Goldfields also allows investors to choose between the near-term production focus of G Mining Ventures and the exploration potential of G3.
More details on the transaction can be found in the full press release at https://ibn.fm/J1PgZ. For more information on G Mining Ventures, visit their newsroom at https://ibn.fm/GMINF.
