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Financings

G2 Goldfields Closes C$49.5 Million Private Placement

By The Northwire Desk — AI Analysis Sep 25, 2025 · 16:59 GTWO · 3.39 G2 Goldfields Inc.
GTWO · Price

Executive Summary

  • G2 Goldfields Inc. completed a non‑brokered private placement of 15,000,000 common shares at C$3.30 per share, raising gross proceeds of C$49.5 million.
  • Net proceeds are earmarked for 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 qualified as a related‑party transaction under MI 61‑101, with an exemption from formal valuation and minority shareholder approval.

Key Details

  • Offering Size: 15,000,000 common shares.
  • Price per Share: C$3.30.
  • Gross Proceeds: C$49,500,000.
  • Use of Proceeds: Exploration and development of Guyana properties; general working capital; corporate purposes.
  • Regulatory Status: Shares not registered under the U.S. Securities Act of 1933; sales restricted to non‑U.S. persons or exempt transactions.
  • Insider Participation: Certain insiders purchased shares, triggering MI 61‑101 related‑party transaction rules. The Company relied on exemptions in sections 5.5(a) and 5.7(1)(a) of MI 61‑101; a material change report will be filed within 21 days prior to closing.
  • Closing Timeline: Offering announced September 11, 2025; completed by September 25, 2025.

Notable Quotes

  • “The successful completion of this financing provides us with the capital needed to advance our exploration program in Guyana and supports our long‑term growth strategy.” – Daniel Noone, CEO & Director, G2 Goldfields Inc.
Read the original news release →

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