G2 Goldfields Inc. Secures Proxy Endorsement for G Mining Arrangement

G2 Goldfields Inc. (TSX: GTWO) confirmed on 9 June 2026 that Glass Lewis & Co., LLC—one of the industry’s most respected independent proxy advisory firms—has recommended that the company’s shareholders vote FOR its plan of arrangement with G Mining Ventures Corp. (GMIN). The endorsement, announced via a joint release with Globe Newswire, follows a supportive assessment from another leading proxy adviser, underscoring a unified consensus among third‑party advisors.

Key Details of the Arrangement

  • Parties Involved: G2 Goldfields Inc. (the “Company”) and G Mining Ventures Corp. (GMIN).
  • Nature of the Deal: The arrangement is a formal plan of arrangement, a statutory mechanism that allows the Company to consolidate ownership, restructure its capital, and potentially streamline operations.
  • Strategic Rationale: G2 has stated that the partnership will deepen its mining pipeline by leveraging GMIN’s exploration assets and technical expertise. The combined entity is expected to enhance resource development efficiencies, reduce overlapping costs, and accelerate the path to production.

Proxy Advisory Support

  • Glass Lewis Recommendation: On 9 June 2026, Glass Lewis issued a recommendation urging shareholders to vote “FOR” the arrangement. The firm cited the transaction’s alignment with G2’s long‑term growth strategy and the potential for value creation through synergy realization.
  • Second Independent Firm: A separate proxy advisory firm also endorsed the arrangement, reinforcing the view that the deal is in the best interests of shareholders.
  • Implication for Shareholders: With two leading proxies endorsing the vote, shareholders can expect a robust mandate to proceed with the arrangement, mitigating opposition risks and expediting regulatory approval.

Market Context

  • Share Price Performance: On the day of the announcement, G2’s share price closed at CAD 7.72, comfortably above the 52‑week low of CAD 2.52 but below the 52‑week high of CAD 12.74.
  • Valuation Snapshot: The Company’s price‑earnings ratio is currently -200.5, reflecting the mining sector’s cyclical nature and the company’s ongoing exploration expenditures.
  • Capital Position: With a market cap of CAD 2.05 billion, G2 remains a mid‑cap player in Canada’s metals and mining space, poised for expansion through strategic partnerships such as this.

Forward‑Looking Outlook

  • Execution Timeline: G2 anticipates finalizing the arrangement within the next 30‑45 days, contingent on shareholder approval and regulatory clearance.
  • Operational Impact: The merger of resources and expertise is expected to reduce exploration costs, improve project timelines, and position the combined entity as a more competitive contender in the gold and other metals market.
  • Shareholder Value: Analysts project that successful execution of the arrangement could unlock a significant upside for shareholders by consolidating value streams and generating cost synergies that are currently unattainable as separate entities.

In summary, G2 Goldfields Inc.’s receipt of dual proxy advisory endorsements marks a pivotal moment in its growth trajectory, providing a clear green light from the investment community and setting the stage for a transformative partnership with G Mining Ventures Corp.