G Mining closes arrangement with G2 Goldfields

G Mining Ventures Corp. (GMIN) has completed its acquisition of G2 Goldfields Inc. through a plan of arrangement. Under the terms of the deal, G2 shareholders received consideration of 0.212 GMIN common shares and 0.50 G3 common shares for each G2 share held. Following the transaction, G2 shares were delisted from the TSX and OTCQX and ceased to be a reporting issuer under Canadian securities laws. Meanwhile, G3 Goldfields Inc., the spin-out entity holding G2's non-core assets, has applied for listing on the Canadian Securities Exchange (CSE).

Regarding the Oko-Ghanie project, historical mineral resource estimates referenced in April 2026 are classified strictly as "historical estimates" under NI 43-101 and do not represent current resources. GMIN’s qualified person has not conducted sufficient work to upgrade these figures to current resources. Required future work includes combining Oko-Ghanie and Oko West data, performing geological modelling, and executing additional drilling. A press release reflecting combined mineral resources will be issued upon completion of this work, followed by a technical report within 45 days. Additional technical studies for mine plan verification are intended for release in 2027.

G2 Goldfields Inc. (GTWO) has completed the acquisition of GMIN, a transaction that had been widely anticipated by the market. The premium paid for the deal was already reflected in the stock’s valuation, which peaked at $12.40 in April 2026 before settling into the $9.00–$10.00 range as closing conditions were met.

The delisting of GTWO removes trading liquidity and the speculative premium associated with the ticker, effectively transferring the investment thesis to GMIN and the newly formed entity, G3.

Regarding the Oko-Ghanie project, an explicit disclaimer notes that the resources are "historical" and require fresh drilling and modeling. This regulatory compliance step marks a shift from the previously marketed "Tier-1" certainty, introducing a timeline of 45 days to 2027 for actual reserve validation.

G2 Goldfields Inc. was a Canadian-listed gold exploration and development company focused on the Oko-Ghanie Project in Guyana. The project combined open-pit and underground mining potential across five discoveries, including the Oko Main Zone, Ghanie, and Oko NW.

Following the transaction, G2's core Oko assets are integrated into G Mining Ventures Corp., while non-core assets—Tiger Creek, Peters Mine, Aremu, and Property A/B—were spun out into G3 Goldfields Inc. The company operated in Guyana, a jurisdiction recognized for its fast-growing economy and favorable mining investment climate, though it remains subject to standard permitting and ESG requirements.