Franco-Nevada US$25 million equity investment G Mining Ventures

On April 22, 2024, G Mining Ventures Corp. ("GMIN") announced that Franco-Nevada Corporation (“Franco-Nevada”) agreed to subscribe for US$25 million of its common shares.

Franco-Nevada’s subscription will be made immediately prior to the closing of a concurrently announced transaction in which GMIN and Reunion Gold Corporation ("RGD") will combine, setting the stage for the creation of a leading intermediate gold producer.

Under the terms of the combination transaction, GMIN and RGD shareholders will receive common shares of a newly formed company (the "New GMIN"), which will own 100% of GMIN and RGD. In addition, RGD shareholders will receive common shares in a newly created gold explorer ("SpinCo"), that will be funded by GMIN with US$15 million. Spinco will hold all of RGD's assets other than its flagship Oko West Project located in Guyana, which GMIN will acquire through the transaction. Oko West is located within the Guiana Shield region—one of the most attractive mining jurisdictions in South America.

Following the completion of Franco-Nevada’s subscription and the combination transaction, it is expected that Franco-Nevada's shareholding in GMIN will decrease from approximately 9.9% to approximately 7.2% in New GMIN. The subscription is expected to occur immediately prior to the closing of the combination transaction in Q3 2024. Closing is subject to the receipt of required securityholder, court and TSX approvals and other closing conditions customary in transactions of this nature.

Further information on the subscription and the combination transaction can be found on Canada Newswire’s website.

G Mining Ventures is a mining company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. It is currently anchored by its flagship Tocantinzinho Gold Project in mining friendly and prospective State of Pará, Brazil.

Franco-Nevada is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets.

Reunion Gold is a Canadian gold exploration and development company focused on advancing gold projects in the highly prospective Guiana Shield.