Business
G2 Goldfields Closes C$49.5 Million Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORON...
About this update from G2 Goldfields, Inc.
[{"type":"text","content":"G2 Goldfields Closes C$49.5 Million Private Placement\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) --\n \n G2 Goldfields Inc.\n \n (“\n \n G2\n \n ” or the “\n \n Company\n \n ”) (TSX:GTWO; OTCQX:GUYGF) is pleased to announce that it has completed the non-brokered private placement announced by the Company on September 11, 2025 (the “\n \n Offering\n \n ”). The Offering consisted of 15,000,000 common shares of the Company (the “\n \n Shares\n \n ”) at a price of C$3.30 per Share, for aggregate gross proceeds of C$49,500,000.\n \n\n The net proceeds from the Offering are expected to be used for continued exploration and development of the Company’s mineral properties in Guyana and for general working capital and general corporate purposes.\n \n\n The Shares have not been and will not be registered under the United States\n \n Securities Act of 1933\n \n (the “\n \n 1933 Act\n \n ”) and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the 1933 Act) unless the securities have been registered under the 1933 Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act, and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.\n \n\n Certain insiders of the Company participated in the Offering. Participation by such insiders of the Company was considered a “related party transaction” pursuant to Multilateral Instrument 61-101 –\n \n Protection of Minority Security Holders in Special Transactions\n \n (“\n \n MI 61-101\n \n ”). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the insiders’ participation in the Offering in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report in connection with the participation of the insiders in the Offering will be filed less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complet...