G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced that its largest shareholder, La Mancha Investments S.à r.l., has exercised its top-up right under an investor rights agreement to increase its ownership stake to approximately 19.9%. In connection with the transaction, the company will issue 9,311,745 common shares to La Mancha at CAD45.89 per share for aggregate gross proceeds of about CAD427 million, with closing expected on or about March 11, 2026, subject to customary conditions including Toronto Stock Exchange approval.
The proceeds are intended to reduce reliance on debt related to development of the Oko West Gold Project, increase exploration activities, accelerate debt repayment and support general corporate purposes. This investment underscores La Mancha's confidence in G Mining Ventures' strategy and its flagship Oko West project in Guyana. The Oko West Gold Project is a key asset for the company, and the additional capital will help advance its development while strengthening the balance sheet.
G Mining Ventures is a mining company engaged in the development, operation and exploration of precious metal projects to capitalize on the value uplift from successful mine development. The company is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana, with the Oko West Project.
For more details on the transaction, refer to the full press release at https://ibn.fm/aM4iP. The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF.
