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"


Americas Gold and Silver Reports Financial Results for Q3 2026 Following Record Quarterly Silver Production Driven by Strong Operational Results at Cosalá

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) a North American produc... READ MORE

November 13, 2026

Heliostar Presents Q3 2026 Financial and Operating Results with Record Mine Operating Earnings and Cash Balance

Heliostar Metals Ltd. (TSX: HSTR) (OTCQX: HSTXF) (FSE: RGG1) reported unaudited financial results fo... READ MORE

November 13, 2026

Pirate Gold Expands Moby Dick Copper-Gold Discovery; Intersects Porphyry Within a 2.7km Magnetite Corridor

Pirate Gold Corp. (TSX-V: YARR) (OTCQB: YARRF) is pleased to report assay results from drilling at ... READ MORE

November 13, 2026

Argentina Metals Announces Closing of First Tranche of Private Placement

Argentina Metals Corp. (TSX-V: VLLC) (OTCQB: VLLCF) (FSE: VA5) is pleased to announce that, further ... READ MORE

November 13, 2026

G Mining Ventures Reports Third Quarter 2026 Results – Strong Free Cash Flow Driven by Solid Operational Performance; On Track to Achieve 2026 Production and Cost Guidance

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) today reported financial and operating results fo... READ MORE

November 13, 2026

Copyright 2026 The Prospector News