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"


Critical Metals Corp. Nasdaq-CRML Announces Multiple Extensions to Known Resources & Multiple New Ultra High-Grade Mineralization Results of 27.0% Heavy REE’s for the 2025 Drilling Campaign for Area B, Fjord & Others with Immediate Near-Term Growth Potential & 2026 Drilling Target Selection

Critical Metals Corp. (Nasdaq: CRML) a leading critical minerals ... READ MORE

February 9, 2026

Kobo Resources Extends Gold Mineralisation at Depth and Further Defines the Contact Zone Fault Target

Drilling at the Road Cut Zone extends mineralisation more than 15... READ MORE

February 9, 2026

Emerita Intersects 9.2m Grading 1.4% Copper, 0.4% Lead, 1.3% Zinc, 0.41 g/t Gold and 21.48 g/t Silver at El Cura

Emerita Resources Corp. (TSX-V: EMO) (OTCQX: EMOTF) (FSE: LLJA) r... READ MORE

February 9, 2026

Azimut Confirms Significant Gold Discovery at Rosa, Wabamisk Property, James Bay, Québec

Highlights include 3.26 g/t Au over 9.35 m within 28.90 m grading... READ MORE

February 9, 2026

Deep Sea Minerals Corp. Announces Closing of Oversubscribed $4.22 Million Private Placement

Deep Sea Minerals Corp. (CSE: SEAS) (OTCPK: DSEAF) (FSE: X45) a s... READ MORE

February 9, 2026

Copyright 2026 The Prospector News