TSXV:GMIN
OTCQX:GMINF
BROSSARD, QC, Jan. 6, 2023
/CNW Telbec/ - G Mining Ventures Corp. ("GMIN" or the
"Corporation") (TSXV: GMIN) (OTCQX: GMINF) is pleased to
announce that it has filed a preliminary short form base shelf
prospectus with the securities regulators in each province and
territory of Canada. When made
final or effective, this filing will allow the Corporation and/or
selling security holders to make offerings of common shares
(including by way of an "at-the-market distribution" in accordance
with applicable securities laws), preferred shares, subscription
receipts, warrants, debt securities, units or any combination
thereof for up to a maximum amount of C$500
million during the 25-month period over which the base shelf
prospectus is effective.
The Corporation has filed this preliminary base shelf prospectus
in order to have greater financial flexibility going forward but
has no immediate plans to issue any securities under it at this
time, and may never proceed with any such issuance. Should the
Corporation and/or selling security holders decide to offer
securities during the 25-month effective period, the specific
terms, including the use of proceeds, will be set forth in a
prospectus supplement to the final base shelf prospectus, which
will be filed with the applicable Canadian securities regulatory
authorities.
This news release does 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 province, state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
province, state or jurisdiction.
A copy of the preliminary short form base shelf prospectus can
be found under the Corporation's profile on SEDAR at
www.sedar.com.
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSXV: 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 its flagship Tocantinzinho Project in mining
friendly and prospective Pará State, Brazil.
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 press release.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact,
contained in this press release constitute "forward-looking
information" and "forward-looking statements" within the meaning of
certain securities laws and are based on expectations and
projections as of the date of this press release. Forward-looking
statements contained in this press release include, without
limitation:
A. those related to the prospectus offering,
such as:
(i) the
filing of the final base shelf prospectus and any prospectus
supplement in connection therewith;
(ii) the issuance of a receipt from the
applicable securities regulatory authorities for the final base
shelf prospectus;
(iii)
the potential distribution of securities by the Corporation
and/or selling security holders;
(iv) the amount of securities that may be
distributed; and
(v) the
use of proceeds under the base shelf prospectus and any prospectus
supplement filed in connection therewith;
B. and, more generally, the contents of the
above section entitled "About G Mining Ventures Corp.".
Forward-looking statements are based on expectations,
estimates and projections as of the time of this press release.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
Corporation as of the time of such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. These estimates and assumptions
may prove to be incorrect. Such assumptions include,
without limitation, those underlying the items listed in the above
section entitled "About G Mining Ventures Corp.".
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that, notably but without
limitation, (i) the Corporation will file the final base
shelf prospectus and any prospectus supplement in connection
therewith, (ii) the Corporation will obtain a receipt from
the applicable securities regulatory authorities for the final base
shelf prospectus; (iii) the Corporation or any shareholder will
distribute securities under the prospectus, (iv) the Corporation
will bring the Tocantinzinho Project into commercial production, or
(v) the Corporation will use the Tocantinzinho Project as the
flagship asset to grow GMIN into the next mid-tier precious metals
producer, as future events could differ materially from what is
currently anticipated by the Corporation.
By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and
risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions
do not reflect future experience. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future. Readers
are cautioned not to place undue reliance on these forward-looking
statements as a number of important risk factors and future events
could cause the actual outcomes to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates,
assumptions and intentions expressed in such forward-looking
statements. All of the forward-looking statements made in this
press release are qualified by these cautionary statements and
those made in the Corporation's other filings with the securities
regulators of Canada including,
but not limited to, the cautionary statements made in the relevant
sections of the Corporation's (i) Annual Information Form dated
June 3, 2022, for the financial year
ended December 31, 2021, and (ii)
Management Discussion & Analysis. The Corporation cautions that
the foregoing list of factors that may affect future results is not
exhaustive, and new, unforeseeable risks may arise from time to
time. The Corporation disclaims any intention or obligation to
update or revise any forward-looking statements or to explain any
material difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
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SOURCE G Mining Ventures Corp
