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G Mining Ventures and Reunion Gold Announce Combination to Set the Stage for a Leading Intermediate Gold Producer in the Americas

Registered Shareholders

Beneficial Shareholders

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5 REASONS TO CONSIDER

1. Sets the stage for the creation of an Americas focused leading intermediate gold producer

  • Oko West is one of the most significant gold discoveries in the Guiana Shield and has potential to support a large, long-life mine complex.

  • Tocantinzinho is 87% complete, and trending on schedule and on budget for commercial production in H2-24 and is engineered to produce ~200,000 gold ounces per year for the first five years at an attractive lowest quartile AISC.

2. Best in-class management team ideally positioned to unlock value of Oko West through in-house execution

  • The GMIN team, including through the Gignac Family-owned GMS, has an impressive track-record of executing world-class projects in the Guiana Shield region, on or ahead of schedule and on or below budget, to generate industry leading returns for its stakeholders.

  • The principals of GMS have been continuously involved in the region since Louis Gignac led Cambior Inc. to build its first South American operation in Guyana in the early 1990s.

  • The most recent significant gold mine constructed in the Guiana Shield region, the Merian gold mine operated by Newmont Corporation, was built by GMS, coming in ahead of schedule and under budget, operating at higher than feasibility study capacity.

3. De-risked growth profile to accelerate development of Oko West through anticipated cash flow and funding

  • Strong balance sheet and anticipated strong cash flow generation from TZ, starting during a period of record high commodity prices, will fund development of Oko West to minimize additional equity dilution for shareholders going forward.

4. Supportive shareholder base with shared vision for growth and value creation

  • La Mancha Investments S.à r.l. (“La Mancha”) will exercise its existing anti-dilution right in connection with the Transaction and will subscribe for US$25 million, which may be increased to US$35 million at La Mancha’s sole discretion, of common shares of GMIN. 

  • La Mancha also intends to purchase up to an additional US$10 million of GMIN shares in the open market. 

  • Franco-Nevada Corporation (“Franco-Nevada”) has agreed to subscribe for US$25 million of common shares of GMIN on the same terms as La Mancha.

5. Compelling re-rate potential driven by multiple near-term catalysts and enhanced capital markets profile

  • GMIN plans to move quickly through technical studies to a construction decision, leveraging the considerable amount of exploration, development, and permitting work that has already been completed by RGD, and the unique capabilities of the GMIN and GMS teams.

  • GMIN has the opportunity to earn a premium valuation based on outstanding project execution at TZ and going forward at Oko West.

  • Combined entity with strong growth profile is expected to have greater scale, investor following, trading liquidity, and opportunity for index inclusion.

*The information provided in the link is an excerpt from the Management Information Circular of Aeterna Zentaris dated February 9, 2024 (the “Circular”).  Readers are encouraged to refer to and read the full text of the Circular including, without limitation, cautionary note regarding the forward-looking statement and risk factors set forth therein.  All section and schedule references in the link are to the Circular and terms are as defined in the Circular.

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Meeting Logistics

Meeting Type:

Plan of Arrangement

Record Date: 

June 03, 2024

Proxy Cut-Off Date: 

Friday, July 05, 2024

at 10:00 am (Eastern time)

Meeting Date:

Tuesday, July 09, 2024

at 10:00 am (Eastern time)

Stock Information

Transfer Agent:

Computershare Trust Company

CUSIP: 76131P106

ISIN: CA76131P1062

Exchange: 

TSX: RGD

Resolutions

1. Election of Directors

2. Appointment of Auditors

3. Reunion Gold Arrangement Resolution

4. Corporation’s Amended and Restated Share Option Plan

5. Spinco Share Option Plan Resolution

Learn More

Voting Is Easy!

Have your control number?
If your shares are held in a share certificate or Direct Registration System confirmation.
If your shares are held through a broker or Financial Institution.
Unsure how to vote?
1. Click here* to read the Arrangement Resolution. 

2. Call, text or email a Kingsdale Engagement Specialist 

1-888-564-7333 (North America Toll Free)
1-416-623-2516 (Text or Call)
contactus@kingsdaleadvisors.com

How To Vote

Press Releases

April 22, 2024

G Mining Ventures and Reunion Gold Announce Combination to       
Set the Stage for a Leading Intermediate Gold Producer in the Americas

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