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BROSSARD, QC, Jan. 27, 2021 /PRNewswire/ - G Mining Ventures Corp. (the
Corporation ) (TSXV: GMIN) is pleased to provide an update on its activities since its Annual and Special Meeting of Shareholders held on December 15, 2020.
Agreement with Sprott
The Corporation is pleased to report it has entered into, earlier today, an agreement with Sprott Resource Lending Corp. (
Sprott ), an affiliate of Sprott Inc. (see overview, below), whereby Sprott will, subject to good faith negotiation, provide access for up to US$200 million in financing for the acquisition and development of mining assets (the
Sprott Agreement ).
The Sprott Agreement provides that, for an initial period of 24 months, in the event of: (i) a proposed acquisition of a new project or entity by the Corporation; or (ii) the development of any project owned by the Corporation, and such acquisition or development that has a value greater than US$30 million (a