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

BROSSARD, QC, July 12, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has closed its previously announced private placements with La Mancha Investments S.à r.l. ("La Mancha" and such private placement, the "La Mancha PrivatePlacement") and Franco-Nevada Corporation ("Franco-Nevada" and such private placement, together with the La Mancha Private Placement, the "Private Placements") pursuant to which it has issued 15,114,250 common shares in the capital of GMIN ("Common Shares") to each of La Mancha and Franco-Nevada, at a price of C$2.279 per share, for aggregate proceeds of $50 million. These shares are subject to a hold period which will expire on November 13, 2024, in accordance with applicable Canadian securities laws.