G2 Goldfields Announces Voting Results From Its Annual General and Special Meeting of Shareholders
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF) announced the results of its annual general and special meeting, where shareholders approved both annual matters and the proposed spin-out of non-core assets into G3 Goldfields. The meeting saw participation representing 63.50% of total votes, with 152,211,687 shares voted.
All resolutions passed with strong majority support, including director elections, auditor appointment, and matters related to the spin-out arrangement. The plan to create G3 Goldfields through a plan of arrangement received 99.94% approval. The spin-out remains subject to final court approval, scheduled for January 30, 2025, and regulatory approvals including the Toronto Stock Exchange. The transaction is expected to complete in Q1 2025.
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF) ha annunciato i risultati della sua assemblea generale annuale e straordinaria, durante la quale gli azionisti hanno approvato sia le questioni annuali che la proposta di separare gli asset non core in G3 Goldfields. L'assemblea ha visto una partecipazione che rappresenta il 63,50% del totale dei voti, con 152.211.687 azioni votate.
Tutte le risoluzioni sono state approvate con un forte supporto della maggioranza, comprese le elezioni per il consiglio di amministrazione, la nomina del revisore e questioni relative all'accordo di separazione. Il piano per creare G3 Goldfields attraverso un piano di arrangiamento ha ricevuto il 99,94% di approvazione. La separazione rimane soggetta all'approvazione finale del tribunale, prevista per il 30 gennaio 2025, e alle approvazioni normative, inclusa quella della Borsa di Toronto. Si prevede che la transazione si completi nel primo trimestre del 2025.
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF) anunció los resultados de su reunión general anual y extraordinaria, donde los accionistas aprobaron tanto los asuntos anuales como la propuesta de separar activos no esenciales en G3 Goldfields. La reunión vio una participación que representa el 63,50% de los votos totales, con 152.211.687 acciones votadas.
Todas las resoluciones se aprobaron con un fuerte apoyo mayoritario, incluida la elección de directores, el nombramiento de auditores y asuntos relacionados con el acuerdo de separación. El plan para crear G3 Goldfields a través de un plan de acuerdo recibió un 99,94% de aprobación. La separación está sujeta a la aprobación final del tribunal, programada para el 30 de enero de 2025, y a las aprobaciones regulatorias, incluida la de la Bolsa de Valores de Toronto. Se espera que la transacción se complete en el primer trimestre de 2025.
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF)는 주주들이 연례 사항과 비핵심 자산을 G3 Goldfields로 분리하는 제안을 승인한 연례 총회 및 특별총회의 결과를 발표했습니다. 회의에는 전체 투표의 63.50%에 해당하는 참여가 있었으며, 152,211,687주가 투표되었습니다.
모든 결의안은 이사 선출, 감사인 임명 및 분리 협정 관련 사항을 포함하여 강력한 대다수의 지지를 얻어 통과되었습니다. G3 Goldfields를 구성하기 위한 계획은 99.94%의 승인을 받았습니다. 분리는 2025년 1월 30일로 예정된 최종 법원 승인과 토론토 증권 거래소를 포함한 규제 승인을 받아야 합니다. 거래는 2025년 1분기에 완료될 것으로 예상됩니다.
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF) a annoncé les résultats de sa réunion générale annuelle et extraordinaire, où les actionnaires ont approuvé à la fois les questions annuelles et la proposition de scinder des actifs non stratégiques dans G3 Goldfields. La réunion a enregistré une participation représentant 63,50% des votes totaux, avec 152.211.687 actions votées.
Toutes les résolutions ont été adoptées avec un large soutien majoritaire, y compris les élections des administrateurs, la nomination de l'auditeur et des questions liées à l'accord de séparation. Le plan de création de G3 Goldfields par un plan d'arrangement a reçu 99,94% d'approbation. La scission reste soumise à l'approbation finale du tribunal, prévue pour le 30 janvier 2025, et aux approbations réglementaires, y compris celle de la Bourse de Toronto. La transaction devrait être finalisée au premier trimestre 2025.
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF) gab die Ergebnisse seiner jährlichen Haupt- und Sonderversammlung bekannt, bei der die Aktionäre sowohl die jährlichen Angelegenheiten als auch den Vorschlag zur Ausgliederung von nicht zum Kerngeschäft gehörenden Vermögenswerten in G3 Goldfields genehmigten. An der Versammlung nahmen 63,50% der Stimmen teil, wobei 152.211.687 Aktien gestimmt wurden.
Alle Beschlüsse wurden mit starker Mehrheit genehmigt, einschließlich der Wahlen des Vorstands, der Ernennung des Abschlussprüfers und der Angelegenheiten im Zusammenhang mit dem Ausgliederungsplan. Der Plan zur Schaffung von G3 Goldfields durch einen Plan zur Regelung erhielt eine Zustimmung von 99,94%. Die Ausgliederung unterliegt der finalen Genehmigung des Gerichts, die für den 30. Januar 2025 angesetzt ist, sowie der Genehmigung durch die Aufsichtsbehörden, einschließlich der Toronto Stock Exchange. Der Abschluss der Transaktion wird im ersten Quartal 2025 erwartet.
- Strong shareholder support with 99.94% approval for the spin-out of non-core assets
- High meeting participation rate of 63.50% of total voting shares
- All proposed resolutions passed with overwhelming majority (92-100% approval)
- None.
TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO; OTCQX:GUYGF) is pleased to announce that at its annual general and special meeting of shareholders (the “Meeting”) held earlier today, the Company’s shareholders approved the annual general matters as well as the matters relating to the proposed spin-out of G2’s interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc. (“G3”), through a plan of arrangement under the Canada Business Corporations Act (the “Spin-Out”).
A total of 152,211,687 common shares (“Shares”) were voted in person or represented by proxy at the Meeting, representing approximately
| Resolution | Number of Shares | Percentage of Votes Cast | ||
| For | Against | For | Against | |
| Election of Directors | ||||
| J. Patrick Sheridan | 140,834,420 | 10,277,690 | ||
| Daniel Noone | 146,203,765 | 4,908,345 | ||
| Bruce Rosenberg | 140,179,006 | 10,933,104 | ||
| Stephen Stow | 151,089,965 | 22,145 | ||
| Carmen Diges | 151,068,065 | 44,045 | ||
| Re-appointment of MNP LLP as auditors of the Company and authorization for the board of directors to fix their remuneration | 152,211,687 | 0 | ||
| Approval of a plan of arrangement pursuant to which the Company will complete the Spin-Out | 151,023,765 | 88,345 | ||
| Approval of stated capital reduction | 151,076,548 | 35,562 | ||
| Approval of J. Patrick Sheridan as a new control person of G3 (excluding the votes of Mr. Sheridan) | 108,549,961 | 1,718,075 | ||
| Approval of G3 stock option plan | 149,382,665 | 1,729,445 | ||
| Approval of G3 restricted share unit plan | 151,050,673 | 61,437 | ||
The report of voting results will be made available under the Company’s profile on SEDAR+ (www.sedarplus.ca).
The court hearing for the final order to approve the Arrangement is scheduled to take place on January 30, 2025. The Spin-Out remains subject to final court and regulatory approvals, including final approval of the Toronto Stock Exchange. For a more detailed description of the Spin-Out, please refer to the Company’s management information circular dated December 20, 2024.
Subject to the approval of the Ontario Superior Court of Justice (Commercial List), the Toronto Stock Exchange and the determination of the boards of directors of G2 and G3, the Spin-Out is anticipated to be completed in Q1 2025.
About G2 Goldfields Inc.
The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana’s largest gold mine [RPA, 43-101, Technical Report on the Aurora Gold Mine, March 31, 2020].
In April 2024, G2 announced an Updated Mineral Resource Estimate (“MRE”) for the Oko property in Guyana [see press release dated April 03, 2024]. Highlights of the Updated MRE include:
Total combined open pit and underground Resource for the Oko Main Zone (OMZ):
- 495,000 oz. Au – Inferred contained within 2,413,000 tonnes @ 6.38 g/t Au
- 686,000 oz. Au – Indicated contained within 2,368,000 tonnes @ 9.03 g/t Au
Total combined open pit and underground Resource for the Ghanie Zone:
- 604,000 oz. Au – Inferred contained within 12,216,000 tonnes @ 1.54 g/t Au
- 236,000 oz. Au – Indicated contained within 3,344,000 tonnes @ 2.20 g/t Au
The MRE was prepared by Micon International Limited with an effective date of March 27, 2024. Significantly, the updated mineral resources lie within 500 meters of surface. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.
Anglo Gold Ashanti (NYSE:AU) currently holds 35,948,965 shares representing approximately
All scientific and technical information in this news release has been reviewed and approved by Dan Noone (CEO of G2 Goldfields Inc.), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc. Geology, MBA) is a Fellow of the Australian Institute of Geoscientists.
Additional information about the Company is available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.g2goldfields.com).
For further information please contact:
Dan Noone
CEO
+1.416.628.5904
Email: news@g2goldfields.com
Forward-Looking Statements
This news release contains certain forward-looking statements, including, but not limited to, statements about the Spin-Out, the completion of the Spin-Out and the expected timing thereof, and the required approvals. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “schedule”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements, including the risk factors set out in the management information circular of the Company dated December 20, 2024. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
FAQ
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