G Mining Ventures (TSE:GMIN) has released an update.
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G Mining Ventures Corp. has announced a recommended proposal for shareholders to vote in favor of an all-equity merger with Reunion Gold, set for a decision at the annual general and special shareholders meeting on July 9, 2024. The arrangement is backed by key investors, including La Mancha and Franco-Nevada, who have committed to a concurrent equity investment of up to $60 million. This strategic move, subject to shareholder and regulatory approval, will lead to the formation of a new entity, New GMIN, and a redistribution of ownership among GMIN and Reunion Gold shareholders.
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