The Prospector News

G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold

 

 

 

 

 

All amounts are in USD unless stated otherwise

  • $50 million private placements with La Mancha and Franco-Nevada has closed on July 12th, 2024
  • Ontario Superior Court has granted the final order approving the Arrangement with Reunion Gold
  • Arrangement is expected to close on or around July 15, 2024

 

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has closed its previously announced private placements with La Mancha Investments S.à r.l. and Franco-Nevada Corporation pursuant to which it has issued 15,114,250 common shares in the capital of GMIN to each of La Mancha and Franco-Nevada, at a price of C$2.279 per share, for aggregate proceeds of $50 million. These shares are subject to a hold period which will expire on November 13, 2024, in accordance with applicable Canadian securities laws.

 

GMIN is also pleased to announce that the Ontario Superior Court of Justice has granted a final order dated July 11, 2024 approving the plan of arrangement between, inter alia, GMIN and Reunion Gold Corporation that was previously announced on April 22, 2024. Under the Arrangement, a new entity was formed and will hold and manage the combined business of GMIN and Reunion Gold. The common shares of New GMIN will, subject to the approval of the Toronto Stock Exchange, be listed on the TSX in substitution of the Common Shares.

 

Completion of the Arrangement remains subject to, among other things, TSX approval and the satisfaction or waiver of certain other customary closing conditions. GMIN anticipates the Arrangement to close on or around July 15, 2024. It is expected that two or three business days after the closing of the Arrangement, the common shares of New GMIN will be listed and posted for trading on TSX, in substitution for the presently listed Common Shares.

Additional details about the Arrangement and the Private Placements can be found in the joint management information circular of GMIN dated June 7, 2024, a copy of which is available on SEDAR+ (www.sedarplus.ca) under GMIN’s issuer profile and on GMIN’s website at www.gmin.gold.

 

About G Mining Ventures Corp.

G Mining Ventures Corp. is a mining company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Gold Project in mining friendly and prospective State of Pará, Brazil.

 

Posted July 12, 2024

Share this news article

MORE or "UNCATEGORIZED"


Asante Reports Fourth Quarter and FY2025 Results

Asante Gold Corporation (TSX-V: ASE) (GSE: ASG) (OTCQX: ASGOF) an... READ MORE

April 1, 2026

Maple Gold Reports Multiple High-Grade Gold Intercepts from Continued Step-Out Drilling at Joutel, Including 17.9 g/t Gold over 3.9 Metres Within 8.6 g/t Gold over 10.4 Metres in the Telbel Mine Area

Maple Gold Mines Ltd. (TSX-V: MGM) (OTCQX: MGMLF) (FSE: M3G0)  a... READ MORE

April 1, 2026

Scorpio Gold Drills 40.23 Metres Grading 1.02 g/t Gold, from 195.68 Metres at Black Mammoth, a Second 250 Metre Step-Out from Goldwedge, at the Manhattan District, Nevada

Highlights Hole 25MN-057 returned 1.02 g/t gold over 40.23 metres... READ MORE

April 1, 2026

Rio Silver Inc. Generates Royalty Revenue and Confirms Additional Upcoming Share Issuance from Magma Silver

US$100,000 Advanced Royalty Payment Received; 2.5 Million Additio... READ MORE

April 1, 2026

Grid Metals Reports First Assays From Its Phase 2 Drill Program at Falcon West Including 12.9% Cs2O Over 3.8m

Grid Metals Corp. (TSX-V:GRDM) (OTCQB:MSMGF) is pleased to report... READ MORE

April 1, 2026

Copyright 2026 The Prospector News