G Mining Ventures Corp. (GMIN) and G2 Goldfields Inc. (G2) yesterday announced the successful completion of the plan of arrangement under the Canada Business Corporations Act pursuant to which GMIN has acquired all of the issued and outstanding common shares of G2 and G2 has completed a spin-out transaction with G3 Goldfields Inc. (G3).
Pursuant to the Arrangement, each G2 Share was exchanged for 0.212 of a common share of GMIN and 0.50 of a common share of G3.
Louis-Pierre Gignac, CEO, President and Director of GMIN, stated: “The acquisition of G2 further strengthens our position as we continue to build GMIN into a leading multi-asset intermediate gold producer in the Americas. By bringing together two adjacent deposits that form part of the same mineralized system under a single operation, we have created a large-scale, low-cost, fully permitted and fully financed tier-one gold mining complex in one of the world’s most prospective gold districts. The combination is expected to generate substantial near- and long-term value for our shareholders through significant operational and capital synergies, including shared infrastructure, optimized mine planning, enhanced operational flexibility, and increased processing capacity.”
GMIN said it wished to clarify that all references to the mineral resources of the Oko-Ghanie Project included in the joint press release issued by GMIN and G2 on April 9, 2026 initially announcing the Arrangement do not represent, from GMIN’s perspective, a “current” mineral resource estimate of the Oko-Ghanie Project. Rather, such information was provided by GMIN as a “historical estimate” within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects.
The release said that GMIN’s qualified person has not done sufficient work to classify the historical mineral resources estimates of the Oko-Ghanie Project referenced therein as “current” mineral resources and, consequently, GMIN is not treating such historical estimates as current mineral resources. Verification of the historical mineral resources estimates of the Oko-Ghanie Project is required in order to upgrade them to current mineral resources.
Upon such additional work being completed, a press release will be issued to reflect the results for the combined mineral resources of the Oko-Ghanie Project and the Oko West Project, and a technical report will be issued within 45 days thereof, GMIN said.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metals projects. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project and Oko-Ghanie Project in Guyana in Region Seven.
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