G2 Goldfields Announces Filing of Final Base Shelf Prospectus
December 15 2022 - 5:04PM
G2 Goldfields Inc. (“
G2” or the
“
Company”) (TSXV:GTWO) announces that it has filed
a final short form base shelf prospectus (the “
Shelf
Prospectus”) with the securities regulatory authorities in
each of the provinces and territories of Canada, other than Québec.
This follows the completion of a regulatory review of the
preliminary base shelf prospectus, which was filed on October 5,
2022.
The Shelf Prospectus will allow the Company to
make offerings of up to $50 million of any combination of common
shares, warrants, subscription receipts, units and debt securities
(collectively, the “Securities”). The Shelf
Prospectus will be effective for a 25-month period, expiring in
January 2025. The specific terms of any offering of Securities,
including the use of proceeds from any offering, will be set forth
in a shelf prospectus supplement. The Company has filed this Shelf
Prospectus to maintain financial flexibility but has no immediate
intentions to undertake an offering.
This news release shall 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 jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About G2 Goldfields Inc.
The G2 Goldfields team is comprised of
professionals who have been directly responsible for the discovery
of millions of ounces of gold in Guyana as well as the financing
and development of the Aurora Gold Mine, Guyana’s largest gold
mine. G2 recently announced its maiden mineral resource estimate on
the newly discovered Oko property in Guyana (see press release
dated April 25, 2022), and has recently filed on SEDAR an
independent technical report entitled “NI 43-101 Technical Report
and Mineral Resource Estimate for the Oko Gold Property,
Cooperative Republic of Guyana, South America”, with an effective
date of April 14, 2022.
Highlights of the report include:
- 974,000 oz. Au – Inferred Mineral
Resource contained within 3,274,000 tonnes @ 9.25 g/t Au; and
- 220,000 oz. Au – Indicated Mineral
Resource contained within 793,000 tonnes @ 8.63 g/t Au.
Significantly, all of the maiden mineral
resources lie within 350 meters of surface and remain open down
plunge. The Oko district has been a prolific alluvial goldfield
since its initial discovery in the 1870’s, and modern exploration
techniques continue to reveal the considerable potential of the
district.
G2 currently has three drills operating and is
awaiting assays on thirty-two holes.
All scientific and technical information in this
press release has been prepared under the supervision of Dan Noone
(CEO of G2 Goldfields Inc.), a “qualified person” within the
meaning of National Instrument 43-101. Mr. Noone (B.Sc. Geology,
MBA) is a Member of the Australian Institute of
Geoscientists.For more information please
contact:
Dan NooneChief Executive Officer Phone: (416)
628-5904 E-mail: news@g2goldfields.com
Forward-Looking Statements
This news release contains certain
forward-looking information and statements within the meaning of
applicable securities laws. Forward-looking information contained
in this new release includes, but is not limited to, statements
with respect to how long the Shelf Prospectus will be effective and
the terms of any future offerings, including the use of proceeds
from any offering, being set forth in a prospectus supplement. The
use of any of the words “expect”, “anticipate”, “continue”,
“estimate”, “may”, “might”, “will”, “project”, “should”, “believe”,
“plans”, “intends” and similar expressions are intended to identify
forward-looking information and/or statements. Forward-looking
statements and/or information are based on a number of material
factors, expectations and/or assumptions of G2 which have been used
to develop such statements and/or information, but which may prove
to be incorrect. Although G2 believes that the expectations
reflected in such forward-looking statements and/or information are
reasonable, undue reliance should not be placed on forward-looking
statements as G2 can give no assurance that such expectations will
prove to be correct. Please refer to the Company’s Annual
Information Form dated October 5, 2022 filed on SEDAR at
www.sedar.com for risks that could materially affect the Company.
This list is not exhaustive of the factors that may affect any of
the Company’s forward-looking information. The Company does not
undertake to update any forward-looking information that may be
made from time to time by the Company or on its behalf, except in
accordance with applicable securities laws.
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 release.
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