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G Mining Ventures Completes Second and Final Draw on $75 Million Term Loan from Franco-Nevada

Newswire.ca - Tue Apr 23, 5:35AM CDT

TSX: GMIN
OTCQX: GMINF

All amounts are in USD unless stated otherwise

BROSSARD, QC, April 23, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has drawn the remaining approximately $33 million on its $75 million senior secured term loan with an affiliate of Franco-Nevada Corporation ("Franco-Nevada"), as previously announced in July 2022. The proceeds of the term loan will be used to continue the development and construction of GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project"), currently under construction in the State of Pará, Brazil. The Project remains on track and on budget for commercial production in H2-2024.

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