G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold
Summary
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 (Commercial List) has granted a final order dated July 11, 2024 approving the plan of arrangement (the "Arrangement") between, inter alia, GMIN and Reunion Gold Corporation ("Reunion Gold") that was previously announced on April 22, 2024. Forward-looking statements contained in this press release include, without limitation, those related to (i) the anticipated closing of the Arrangement on or around July 15, 2024 following the satisfaction of all conditions precedent thereto, (ii) the common shares of New GMIN to trade on the TSX under the symbol "GMIN"; and (iii) more generally, the section entitled "About G Mining Ventures Corp.".Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. 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 G Mining Ventures Corp.".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. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.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. 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 GMINs SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting: Karim Nasr, Partner, La Mancha Resource Capital LLP, [email protected], +44.203.960.2020.GMINs head office is located at 5025 Lapini\xe8re Blvd., 10th Floor, Suite 1050, Brossard, QC J4Z 0N5 Canada.La Manchas head office is located at 31-33 Avenue Pasteur, L-2311, Luxembourg, Grand Duchy of Luxembourg.