On April 9, 2026, G Mining Ventures Corp. and G2 Goldfields Inc. entered into a definitive agreement whereby G Mining will acquire all of the issued and outstanding shares of G2 and G2 will complete a spin-out of G3 Goldfields Inc. which will hold certain non-core assets of G2 and cash pursuant to a court approved plan of arrangement under the Canada Business Corporations Act. Under the terms of the transaction, G2 shareholders will receive 0.212 of a common share of G Mining and 0.5 of a common share of G3 for each G2 share held. The fully diluted in-the-money equity value of the transaction (excluding the value of G3) is estimated to be approximately C$3 billion.
The transaction will consolidate two adjacent gold projects in Guyana: G2’s Oko-Ghanie Project and G Mining’s fully permitted and fully financed Oko West Project, creating a large-scale, low-cost gold mining hub in one of the most prospective emerging gold districts in the world. G2 shareholders will also maintain exposure to the exploration potential of the district through their holdings in G3, which will be funded with C$45 million in cash and a contingent value right providing for payments in the maximum aggregate amount of US$200 million based upon the establishment of various increments of mineral resource estimates at the G2 properties acquired by G Mining.
Cassels acted for G2.