G2 Goldfields Announces AngloGold Ashanti’s Intention to Complete a Strategic Investment
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSXV:GTWO, OTCQX:GUYGF) is pleased to announce that AngloGold Ashanti plc (“AGA”) has confirmed its intention, subject to execution of definitive documentation and satisfaction of customary conditions, to complete a strategic investment in the Company (the “Strategic Investment”) that will result in AGA owning 24,500,000 common shares (the “Shares”), equivalent to approximately 11.7% of the Company’s issued and outstanding Shares, at a price of $0.90 per Share for gross proceeds of $22,050,000. Roth Canada, Inc. and Cormark Securities Inc. are acting as agents in connection with the Strategic Investment.
Related news for (GUYGF)
- G2 Goldfields Significantly Increases Gold Resources at the Oko Project, Guyana
- G2 Goldfields Expands Team and Appoints VP, Investor Relations and VP, Business Development – Guyana
- G2 Goldfields Announces Voting Results From Its Annual General and Special Meeting of Shareholders
- G2 Goldfields Announces Filing of Management Information Circular and Technical Report for Proposed Spin-Out of Non-Core Assets
- G2 Goldfields Provides Update on G3 Spin-Out