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G Mining Ventures Closes Us$116 Million Private Placement Financing

PRIVATESep 07, 2022

Amount Raised

$116 Million

Round Type

Post-IPO Equity

BrossardInformation TechnologyEnergyNatural Resources

Description

BROSSARD, QC / September 7, 2022 / G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV:GMIN) (OTCQX:GMINF) is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its non-brokered private placement financing (the "Placement") announced on July 18, 2022. Under the first and second tranches of the Placement, the Corporation issued an aggregate of 189,066,765 common shares at C$0.80 per share for aggregate gross proceeds to GMIN of C$151.3 million ($116.3 million). The funds will be used for the development and construction of its 100% owned Tocantinzinho Gold Project (the "Project").

Quick answer

G Mining Ventures raised $116 Million in a Post-IPO Equity round, dated September 7, 2022. G Mining Ventures is based in Brossard, Quebec, Canada.

How much did G Mining Ventures raise?
G Mining Ventures raised $116 Million in a Post-IPO Equity round on September 7, 2022.
What does G Mining Ventures do?
G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful..
Where is G Mining Ventures based and how big is it?
G Mining Ventures is based in Brossard, Quebec, Canada.
Who are the decision-makers at G Mining Ventures?
Fundz holds 2 contacts at G Mining Ventures, including the Gerente Geral - Site Manager. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Natural Resources around the same time

Companies in the same sectors as G Mining Ventures that raised within 45 days of this round, from Fundz verified event records.

  • Comstock raised $375K on October 7, 2022.
  • Intersect Power raised $3.1B (Funding Round) on September 29, 2022.
  • Focus Graphite raised an undisclosed amount (Funding Round) on September 9, 2022.
  • Yotta Energy raised $1.2M (Seed) on August 30, 2022.
  • Arq raised $496K (Pre-Seed) on August 19, 2022.
  • Xcimer Energy raised $365K (Seed) on October 21, 2022.

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Company Information

Company

G Mining Ventures

Location

Brossard, Quebec, Canada

About

G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Project in mining friendly and prospective Pará State, Brazil.

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Related People

2 contacts
Verified contactsPaulo G., Gerente Geral - Site Manager hidden hidden hiddenSee plans and pricing
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