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G2 Goldfields Announces Voting Results from Its Shareholders Meeting

G2 shareholders voted with a 74.03% turnout to spin out non-core assets into G3, aiming to fund G3’s listing with about C$15 million in working capital.

  • On Nov. 27, 2025, G2 Goldfields Inc. shareholders approved the Spin-Out at the annual and special meeting in Toronto, with 190,251,811 common shares voted representing 74.03% turnout.
  • To create a separate listed vehicle, G2 proposes to transfer its interests in Non-Core Assets to a wholly owned Guyanese subsidiary of G3 and provide cash anticipated at C$15 million, under the plan of arrangement.
  • Voting tallies show the plan to complete the Spin-Out was supported with 187,274,623 votes for and 81,126 against, with 18.34% opposition to the G3 stock option plan, and 97.59% approved J. Patrick Sheridan as control person.
  • Final legal and exchange approvals are still required, with a court hearing on December 3, 2025, and G2 shareholders will see no change in their holdings after the Spin-Out.
  • Strategically, the Spin-Out positions G3 to hold non-core Guyana assets while G2 concentrates on core projects, leveraging an Updated Mineral Resource Estimate announced March 2025 and founders linked to more than 10 million ounces.
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Inside Halton broke the news in Halton Hills, Canada on Thursday, November 27, 2025.
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