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G2 Goldfields Announces Filing of Management Information Circular and Technical Report for Proposed Spin-Out of Non-Core Assets

GTWO · Price

Executive Summary

  • G2 Goldfields filed its Management Information Circular and related meeting materials for the annual general and special shareholders’ meeting scheduled for November 27, 2025.
  • The special resolution to be voted on will approve the spin‑out of G2’s non‑core assets into a newly created wholly‑owned subsidiary, G3 Goldfields Inc., via a plan of arrangement under the Canada Business Corporations Act.
  • An independent NI 43‑101 technical report for the Non‑Core Assets (New Aremu Oko Gold Project, Guyana) has been filed concurrently and is available on SEDAR+.

Key Details

  • Meeting Materials: Filed and mailed to shareholders; also posted on SEDAR+ (www.sedarplus.ca).
  • Spin‑Out Objective: Transfer G2’s interest in certain non‑core assets into a new subsidiary, G3 Goldfields Inc., creating a separate entity for those assets.
  • Approval Process: Requires shareholder approval at the November 27 meeting and subsequent court approval; timing of completion will be announced after approvals are received.
  • Technical Report: Independent NI 43‑101 report prepared by Micon International Limited covering the New Aremu Oko Gold Project, confirming technical compliance and providing detailed project information.
  • Previous Resource Update (March 2025): Highlighted combined open‑pit and underground resources for Oko Main Zone (1.321 M oz Au) and Ghanie Zone (1.688 M oz Au), underscoring the significance of the assets being spun out.
  • Qualified Person Review: All scientific and technical information reviewed and approved by Dan Noone, CEO of G2 Goldfields Inc., a qualified person under NI 43‑101.

Notable Quotes

“The spin‑out will allow us to focus on our core growth projects while providing dedicated capital and management attention to the non‑core assets,” – Daniel Noone, CEO & Director, G2 Goldfields Inc.

Read the original news release →

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