G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold
TSX
: GMIN
OTCQX
: GMINF
All amounts are in USD unless stated otherwise
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$50 million private placements with La Mancha and Franco-Nevada has closed onJuly 12 th, 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
GMIN is also pleased to announce that the
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
Additional details about the Arrangement and the Private Placements can be found in the joint management information circular of GMIN dated
About
Additional Information
For further information on GMIN, please visit the website at www.gmin.gold.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the anticipated closing of the Arrangement on or around
Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such
assumptions include, without limitation, those relating to the price of gold and currency exchange rates and those underlying the items listed on the above section entitled "About
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, the Corporation will (i) bring its
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of
La Mancha – Required Early Warning Disclosure
Prior to the completion of the Private Placements, La Mancha beneficially owned and had control and direction over an aggregate of 111,879,265 Common Shares, representing approximately 25% of the issued and outstanding Common Shares. Upon completion of the Private Placements, but prior to closing of the Arrangement, La Mancha acquired an additional 15,114,250 Common Shares, and beneficially owns and has control and direction over an aggregate of 126,993,515 Common Shares, representing approximately 26% of the issued and outstanding Common Shares. The cash consideration paid by La Mancha for the aggregate of 15,114,250 Common Shares was
La Mancha acquired the Common Shares for investment purposes. In the future, La Mancha may, from time to time, increase or decrease its investment in GMIN or, following closing of the Arrangement, New GMIN, through market transactions, private arrangements, treasury issuances or otherwise.
An early warning report containing additional information with respect to the foregoing matters will be filed under GMIN's SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting:
GMIN's head office is located at 5025 Lapinière Blvd., 10th Floor, Suite 1050,
La Mancha's head office is located at 31-33 Avenue Pasteur, L-2311, Luxembourg, Grand Duchy of Luxembourg.
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