To advance its gold exploration in Guyana, Canadian gold company G2 Goldfields has secured a non-brokered private placement of C$49,500,000. According to the company, the placement is up to 15,000,000 common shares at a price of C$3.30 per share. It was explained that the proceeds are expected to be used for continued exploration and development of the mineral properties in Guyana and for general working capital and general corporate purpose.
Daniel Noone, Chief Executive Officer (CEO) and Director of G2 said, “The completion of this Offering, backed by the continued support of our two largest shareholders, places the Company in a strong financial position ahead of delivering on key milestones in the fourth quarter of 2025, including the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA).”
