G2 Goldfields Announces Voting Results From Its Annual General and Special Meeting of Shareholders

Core Points - G2 Goldfields Inc. announced the approval of the spin-out of certain non-core assets into a wholly owned subsidiary, G3 Goldfields Inc., during its annual general and special meeting of shareholders [1][4] - A total of 152,211,687 common shares were voted, representing approximately 63.50% of the outstanding shares [2] - The spin-out is anticipated to be completed in Q1 2025, subject to final court and regulatory approvals [5] Voting Results - The election of directors received significant support, with J. Patrick Sheridan receiving 93.20% approval and Daniel Noone receiving 96.75% [3] - The approval of the spin-out plan was overwhelmingly supported, with 99.94% of votes in favor [3] - The re-appointment of MNP LLP as auditors was approved unanimously [3] Upcoming Events - A court hearing for the final order to approve the arrangement is scheduled for January 30, 2025 [4] - The completion of the spin-out remains contingent on approvals from the Ontario Superior Court of Justice and the Toronto Stock Exchange [5] Company Background - G2 Goldfields has a team responsible for the discovery of millions of ounces of gold in Guyana and the development of the Aurora Gold Mine, the largest gold mine in Guyana [6] - The company has cash holdings exceeding C$38 million, positioning it well for future exploration [9]