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, increasing its ownership stake to approximately 19.9%. The transaction involves the issuance of 9,311,745 common shares to La Mancha at CAD45.89 per share, generating aggregate gross proceeds of about CAD427 million. Closing is expected on or about March 11, 2026, subject to customary conditions, including approval from the Toronto Stock Exchange.
The infusion of capital is strategically significant for G Mining Ventures. The company intends to use the proceeds to reduce reliance on debt related to the development of the Oko West Gold Project in Guyana, accelerate exploration activities, expedite debt repayment, and support general corporate purposes. This move strengthens the company’s financial position as it advances toward becoming a mid-tier precious metals producer.
The Oko West Gold Project represents a key growth asset for G Mining Ventures, and the additional funding will help de-risk its development. By decreasing debt dependence, the company can allocate more resources to exploration and operational enhancements. The investment also signals strong confidence from La Mancha, a major shareholder, in G Mining’s long-term strategy and execution capabilities.
G Mining Ventures is focused on the development, operation, and exploration of precious metal projects, with assets in mining-friendly jurisdictions. Its portfolio includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana. The company’s proven development expertise and access to capital position it for growth in the precious metals sector.
For more details on the transaction, refer to the full press release at https://ibn.fm/aM4iP. Updates on G Mining Ventures are available in the company’s newsroom at https://ibn.fm/GMINF.
