G Mining Ventures Files Final Base Shelf Prospectus

Rhea-AI Summary

G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) has received approval for a final short form base shelf prospectus, enabling the company to offer securities worth up to C$500 million across various instruments, including common shares and debt securities, over a 25-month period. This strategic move aims to enhance financial flexibility, although the company does not plan any immediate issuances. The prospectus will detail the terms and use of proceeds if offerings occur. G Mining is focused on acquiring and developing precious metal projects, with its flagship asset being the Tocantinzinho Project in Brazil.

Positive

• Approval for a final base shelf prospectus, allowing offerings of up to C$500 million.
• Enhanced financial flexibility for future capital raising.
• Opportunity to attract capital for projects without immediate issuance plans.

Negative

• None.

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TSXV:GMIN
OTCQX:GMINF

BROSSARD, QC, Jan. 19, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: GMIN) (OTCQX: GMINF) is pleased to announce that it has obtained a receipt for a final short form base shelf prospectus with the securities regulators in each province and territory of Canada. This filing allows the Corporation and/or selling security holders to make offerings of common shares (including by way of an "at-the-market distribution" in accordance with applicable securities laws), preferred shares, subscription receipts, warrants, debt securities, units or any combination thereof for up to a maximum amount of C$500 million during the 25-month period over which the base shelf prospectus is effective.

The Corporation has filed this base shelf prospectus in order to have greater financial flexibility going forward, but has no immediate plans to issue any securities under it at this time, and may never proceed with any such issuance. Should the Corporation and/or selling security holders decide to offer securities during the 25-month effective period, the specific terms, including the use of proceeds, will be set forth in a prospectus supplement to the final base shelf prospectus, which will be filed with the applicable Canadian securities regulatory authorities.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

A copy of the short form base shelf prospectus can be found under the Corporation's profile on SEDAR at www.sedar.com.

About G Mining Ventures Corp.

G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) 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. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation:

A.		those related to a prospectus offering, such as:
	(i)	the filing of any prospectus supplement in connection with the base shelf prospectus;
	(ii)	the potential distribution of securities by the Corporation and/or selling security holders;
	(iii)	the amount of securities that may be distributed; and
	(iv)	the use of proceeds under the base shelf prospectus and any prospectus supplement filed in connection therewith;
B.		and, more generally, the contents of the above section entitled "About G Mining Ventures Corp.".

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those underlying the items listed in the above section entitled "About G Mining Ventures Corp.".

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) the Corporation will file any prospectus supplement in connection with the base shelf prospectus; (ii) the Corporation or any shareholder will distribute securities under the prospectus, (iii) the Corporation will bring the Tocantinzinho Project into commercial production, or (iv) the Corporation will use the Tocantinzinho Project as the flagship asset to grow GMIN into the next mid-tier precious metals producer, as future events could differ materially from what is currently anticipated by the Corporation.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated June 3, 2022, for the financial year ended December 31, 2021, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

View original content:https://www.prnewswire.com/news-releases/g-mining-ventures-files-final-base-shelf-prospectus-301726402.html

SOURCE G Mining Ventures Corp

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the new base shelf prospectus for G Mining Ventures mean for investors?

The new base shelf prospectus allows G Mining Ventures to offer up to C$500 million in various securities, providing financial flexibility for future capital needs.

Is G Mining Ventures planning to issue securities immediately?

No, G Mining Ventures does not have immediate plans to issue any securities under the new base shelf prospectus.

What is the timeframe of the newly approved base shelf prospectus for G Mining Ventures?

The base shelf prospectus is effective for a period of 25 months.

What types of securities can G Mining Ventures issue under the shelf prospectus?

G Mining Ventures can issue common shares, preferred shares, subscription receipts, warrants, debt securities, and units.

What is the significance of G Mining Ventures' Tocantinzinho Project?

The Tocantinzinho Project is G Mining Ventures' flagship asset and is pivotal for its growth strategy as it aims to become a mid-tier precious metals producer.