$GTWO.TO

G2 Goldfields Says Glass Lewis Backs Its $3.0-Billion Sale to G Mining Ventures Arrangement

G2 Goldfields (GTWO.TO) after the close Tuesday said that Glass Lewis & Co, an independent proxy advisory firm, recommended that G2 shareholders vote "FOR" its $3.0-billion sale to G Mining Ventures (GMIN.TO) to be approved at the upcoming special meeting of shareholders on June 16.Institutional Shareholder Services has also made the same recommendation, the company said on June 4.Glass Lewis said "the proposed transaction is the result of a lengthy and robust strategic review process commenced in June 2023" and that "the implied value of the consideration represents a substantial premium over the Company's unaffected stock price and also represents a fifteen-year high for the Company's shares".The proxy voting deadline is 10:00 a.m. (Toronto time) on Friday, June 12G2 Goldfields shares closed down $5.90% at $8.13 on Toronto Stock Exchange on Tuesday.

Independent Proxy Advisory Firm, ISS, Recommends G2 Goldfields' Shareholders Vote FOR Arrangement With G Mining

G2 Goldfields Announces Filing and Mailing of Meeting Materials in Connection With Acquisition by G Mining Ventures and Spin-Out With G3 Goldfields

G2 Goldfields Says Oko Project Drilling Extends Gold Mineralization

G2 Goldfields (GTWO.TO), which is being acquired by G Mining Ventures (GMIN.TO), says drilling at its Oko project in Guyana has extended gold mineralization to depths of 1 kilometre (km), the company said on Monday.Drilling has also extended high-grade shoots down plunge at the Ghanie deposit. The deepest hole drilled so far has returned 84.5m @ 3.0 grams per tonne (g/t) gold from 915m, a statement said. Mineralization has been extended by 140m vertically to 1km, where it remains open.Drilling has also extended gold mineralization south of the existing Ghanie resource along the Border Zone, with a high-grade interval of 3.0m @ 10.8 g/t gold from 490m, building on strong prior results in this area.Eight drill rigs are actively focused on infill, expansion and discovery drilling, with infill holes returning high-grade intercepts, including 20.8m @ 9.6 g/t gold, including 4.4m @ 36.1 g/t gold.The arrangement with G2 Mining is expected to close in June.G2 Goldfield shares closed down $0.04, to $10.35 on Friday, on the Toronto Stock Exchange.

G2 Goldfields Says Extendsed High-Grade OKO Resource to Depths of 1km, Intercepts 84.5m at 3.0 g/t Au

G2 Goldfields Maintained at Buy at Stifel Canada as It Agrees to be Acquired by G Mining Ventures

Stifel Canada on Friday maintained its buy rating on the shares of G2 Goldfields (GTWO.TO) and its C$8.50 price target after the company agreed to be acquired by G Mining Ventures (GMIN.TO) for shares worth C$3 billion."G Mining Ventures announced an all-share deal to acquire GTWO at an ~80% premium to Wednesday's close. The deal implies total consideration of C$3.0B, or C$10.84/sh (0.212 GMIN shares per GTWO). We are constructive on this transaction, noting combined potential of Oko West and Oko-Ghanie main to produce >500kozpa Au. We see the acquisition implying 0.66x GTWO P/NAV (consensus), higher than the ~0.45x GMIN acquired RGD for in 2024. Further, we note the G3 SpinCo (including Peters Mine) is currently being priced in at ~7-20% (prelim value estimate), providing optionality to continued discovery with a fertile property package and proven mgmt. We see this deal as a sign mid-tier producer/developer M&A is favouring infrastructure proximal, near-term production potential with exploration upside and note OMG under coverage as a natural read through; trading at 0.31x [unfunded, risked 'takeout' NAVPS of C$6.53]," analyst Cole McGill wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $10.84, Change: $+0.06, Percent Change: +0.56%

TSX Down 72 Points at Midday With Most Sectors Lower

The Toronto Stock Exchange is down 72 points at midday, with most sectors lower.The worst performers are the telecoms sector and energy, down 2.3% and 1.7%, respectively.Financials and industrials are the biggest gainers, up 0.8% and 0.5% respectively.The tenuous two-week ceasefire in the Middle East is holding, albeit by a thread, as attacks on Lebanon continue and Iran says traffic in the Strait of Hormuz will remain restricted to around a dozen ships per day (versus over 100 before the war). Formal peace talks begin Saturday in Islamabad, Pakistan to try to bridge the seemingly large differences between the U.S.'s 15-point and Iran's 10-point plans.In company news, G2 Goldfields (GTWO.TO) has jumped near 74% to $10.46 after G Mining Ventures (GMIN.TO) said this morning it is acquiring the company in a $3.0 billion all-share transaction with G2 shareholders receiving 0.212 GMIN common shares per G2 share held. The transaction is expected to be completed in the second quarter of this year.BlackBerry (BB.TO) is up 11% to $5.45 after it reported better than expected revenues for the fourth quarter, led by its QNX unit, and forecast better than expected growth in fiscal 2027.