G2 Goldfields Announces C$49.5 Million Private Placement

Executive Summary

• G2 Goldfields Inc. announced a non‑brokered private placement of up to 15,000,000 common shares at C$3.30 per share for gross proceeds of up to C$49.5 million.
• The offering is fully subscribed, expected to close in September 2025 pending TSX approval, and will fund continued exploration/development in Guyana plus working capital.
• Insiders will subscribe for 325,000 shares (C$1.0725 million); the transaction qualifies as a related‑party transaction under MI 61‑101 but is exempt from formal valuation and minority‑shareholder approval.

Key Details

• Offering Size: Up to 15,000,000 common shares
• Price per Share: C$3.30
• Maximum Gross Proceeds: C$49,500,000
• Closing Timeline: Expected September 2025, subject to customary conditions and TSX approval
• Use of Proceeds: Exploration & development of Guyana mineral properties; general working capital and corporate purposes
• Insider Participation: 325,000 shares for C$1,072,500 (≈2.17% of total offering)
• Related‑Party Transaction: Exempt from formal valuation/minority approval under MI 61‑101 because insider participation < 25% of market cap
• Regulatory Filing: Company will file a material change report; may be filed less than 21 days before closing per company discretion

Notable Quotes

“The completion of this Offering, backed by the continued support of our two largest shareholders, places the Company in a strong financial position ahead of delivering on key milestones in the fourth quarter of 2025… with this strengthened balance sheet we are well positioned to advance our projects and deliver value to all shareholders.” – Daniel Noone, CEO & Director

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.