G Mining to Acquire G2 Goldfields, Spin-Out G3 by Month's End
GMIN and G2 Goldfields say their proposed arrangement is on track to close by end of July 2026, with a G3 Goldfields spin-out to follow.
Toronto-based G Mining Ventures Corp. and G2 Goldfields Inc. announced Sunday that their proposed plan of arrangement remains on track to close by the end of July 2026, with the two TSX-listed companies actively working through the final conditions required to seal the deal. Under the terms of the transaction, G Mining will acquire all issued and outstanding shares of G2 Goldfields while simultaneously spinning out a newly formed entity, G3 Goldfields Inc., to G2 shareholders.
The companies said the remaining closing conditions are expected to be satisfied before July concludes, with the official effective date to be confirmed and announced publicly once those hurdles are cleared. No specific regulatory or shareholder obstacles were cited as outstanding, suggesting the transaction is in its final administrative stages rather than facing substantive hurdles.
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The deal represents a significant consolidation move within the junior gold mining sector, with G Mining — traded on the TSX under the ticker GMIN and on OTCQX as GMINF — absorbing G2 Goldfields, which trades as GTWO on the TSX and GUYGF on OTCQX. The spin-out of G3 Goldfields is designed to preserve and independently advance a portion of G2's asset base for existing shareholders rather than folding everything into the acquiring company.
Investors in both companies should watch for a formal closing announcement that will confirm the effective date and trigger the share exchange and spin-out mechanics. Continue reading at GlobalNewswire.
