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Financings

G2 Goldfields closes $49.5-million private placement

By The Northwire Desk — AI Analysis Sep 26, 2025 · 10:15 GTWO · 3.39 G2 Goldfields Inc.
GTWO · Price

Executive Summary

  • G2 Goldfields Inc. closed a non‑brokered private placement of 15 million common shares at C$3.30 per share, raising gross proceeds of C$49.5 million.
  • Net proceeds will fund continued exploration and development of the company’s Guyana mineral properties, as well as general working capital and corporate purposes.
  • Insiders participated in the offering; the transaction was treated as a related‑party transaction under MI 61‑101, with an exemption from formal valuation or minority shareholder approval.

Key Details

  • Offering size: 15 million common shares.
  • Price per share: C$3.30.
  • Gross proceeds: C$49.5 million.
  • Use of proceeds: Exploration and development of Guyana properties; general working capital; corporate purposes.
  • Insider participation: Considered a related‑party transaction under Multilateral Instrument 61‑101; company exempt from valuation/minority approval per sections 5.5(a) & 5.7(1)(a).
  • Regulatory filing: A material change report will be filed within 21 days prior to closing, as required for the insider participation.
  • Previous disclosure reference: The private placement was originally announced on September 11, 2025.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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