Securityholder Early Warning News Release

Rhea-AI Summary

CI Global Asset Management announced a transaction where it disposed of 710,000 shares of G Mining Ventures Corp, reducing its holdings from 10.068% to 9.786%. The shares were sold for approximately $599,950 at $0.85 each. Following this, CI GAM exercised 5,286,417 warrants into common shares at $0.80 per share. These transactions, conducted for investment purposes, reflect CI GAM's active management strategy. An early warning report regarding these transactions is to be filed on SEDAR.

Positive

• CI GAM's proactive investment strategy is demonstrated by the exercise of warrants, potentially enhancing future returns.

Negative

• The sale of 710,000 shares indicates a reduction in CI GAM's stake in G Mining, which may signal a lack of confidence in G Mining's near-term performance.

TORONTO--(BUSINESS WIRE)-- CI Global Asset Management (“CI GAM”; the “Investment Manager”) reported today historical transactions as outlined below.

On April 12, 2022, CI GAM disposed of, on behalf of accounts and investment funds managed by it, 710,000 common shares of G Mining Ventures Corp. (“G Mining”), a company with a head office at 7900 W. Tashereau Blvd., Building D, Suite 210, Brossard, QC J4X 1C2, resulting in a 0.282% decrease in its securityholding percentage. Immediately before the disposition, CI GAM held 16,393,835 common shares of G Mining and 8,907,917 warrants convertible into common shares, representing approximately 10.068% of the issued and outstanding common shares. Immediately after the disposition, CI GAM held 15,683,835 common shares of G Mining and 8,907,917 warrants convertible into common shares, representing approximately 9.786% of the issued and outstanding common shares. The common shares were sold on the TSX Venture Exchange at a price of $0.85 per share for $599,949.97 in total, net of commission. On April 25, 2022, the Investment Manager exercised 5,286,417 warrants that were held and previously disclosed which converted into 5,286,417 common shares of G Mining at a price of $0.80.

The Investment Manager, on behalf of the accounts and investment funds managed by them, acquired or disposed of the securities for investment purposes.

An early warning report with respect to the transactions above will be filed today on the SEDAR profile of G Mining at www.sedar.com and may also be obtained by contacting CI GAM. This news release is issued by CI GAM pursuant to sections 5.1 and 5.2 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $333.7 billion in assets as of June 30, 2022.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2022. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005914/en/

Murray Oxby

Vice-President, Corporate Communications

CI Global Asset Management

416-681-3254

moxby@ci.com

Source: CI Global Asset Management

FAQ

What recent transactions did CI Global Asset Management report for CIXX?

CI Global Asset Management reported the disposal of 710,000 common shares of G Mining on April 12, 2022, decreasing its ownership by 0.282%.

What percentage of G Mining does CI Global Asset Management currently hold?

After the recent transaction, CI Global Asset Management holds approximately 9.786% of G Mining's issued and outstanding common shares.

How much did CI Global Asset Management gain from the G Mining share sale?

CI Global Asset Management gained approximately $599,949.97 from the sale of 710,000 shares of G Mining.

When did CI Global Asset Management exercise warrants for G Mining?

CI Global Asset Management exercised 5,286,417 warrants into common shares of G Mining on April 25, 2022.

What was the exercise price for the warrants converted into G Mining shares?

The warrants were exercised at a price of $0.80 per share.