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Technical Study

G2 Goldfields to seek holder OK for spinout Nov. 27

By The Northwire Desk — AI Analysis Nov 05, 2025 · 20:10 GTWO · 4.13 G2 Goldfields Inc.
GTWO · Price

Executive Summary

  • G2 Goldfields Inc. has filed its Management Information Circular and related materials for an Annual General and Special Meeting scheduled for November 27, 2025.
  • The primary purpose of the meeting is to seek shareholder approval for a special resolution to approve the proposed spin-out of G2's non-core assets into a wholly owned subsidiary, G3 Goldfields Inc., via a plan of arrangement under the Canada Business Corporations Act.
  • Concurrently, G2 filed an independent NI 43-101 technical report prepared by Micon International Ltd. regarding the non-core assets, specifically the New Aremu Oko Gold Project in Guyana.

Key Details

  • Meeting Details: The Annual General and Special Meeting of shareholders is set for November 27, 2025. Materials have been mailed to shareholders and are available on SEDAR+.
  • Proposed Transaction: The spin-out involves transferring G2's interest in certain non-core assets into a new subsidiary, G3 Goldfields Inc., through a plan of arrangement.
  • Regulatory Status: The transaction is subject to shareholder and court approvals. G2 will provide an update on the timing for completion once these approvals are received.
  • Technical Report: An independent technical report titled "NI 43-101 Property of Merit Technical Report for the New Aremu Oko Gold Project, Guyana, South America" was filed. It was prepared by Micon International Ltd. in accordance with National Instrument 43-101.
  • Referenced Mineral Resource Estimate (MRE): The release references an updated MRE for the Oko property in Guyana, effective March 1, 2025, prepared by Micon:
    • Oko Main Zone:
      • Inferred: 513,500 oz Au contained in 3,473,000 tonnes at 4.60 g/t Au.
      • Indicated: 808,000 oz Au contained in 3,147,000 tonnes at 7.98 g/t Au.
    • Ghanie Zone:
      • Inferred: 1,024,500 oz Au contained in 12,062,000 tonnes at 2.64 g/t Au.
      • Indicated: 663,400 oz Au contained in 10,288,000 tonnes at 2.01 g/t Au.
    • Oko NW Zone:
      • Inferred: 97,200 oz Au contained in 4,976,000 tonnes at 0.61 g/t Au.
  • Qualified Person: Dan Noone, CEO of G2 Goldfields, reviewed and approved all scientific and technical information.

Notable Quotes

  • No direct quotes from the CEO or President were included in the body of this specific release text.
Read the original news release →

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