G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced commitments for an initial US$387.5 million financing package, expandable by an additional US$150 million post-closing, to fund development of its 100%-owned Oko West Gold Project in Guyana. The facility, led by National Bank Capital Markets and Macquarie Bank Limited with participation from major financial institutions, provides flexible, non-dilutive funding for project advancement. An additional US$37.5 million equipment financing agreement with Komatsu Finance will support mine construction. Backed by cash flow from its Tocantinzinho Mine and recent environmental permit approval, GMIN plans to reach a Final Investment Decision later this month while strengthening its leadership team with the appointment of Jamie Flegg as Vice President, Corporate Development.
To view the full press release, visit https://ibn.fm/SOzEx
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: 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 the TZ Gold Mine in Brazil and Oko West Gold Project in Guyana, both mining friendly and prospective jurisdictions.
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF
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