G Mining Ventures Announces Proposed Exercise of Share Purchase Warrants Held by Franco-Nevada
Portfolio Pulse from
G Mining Ventures Corp. announced that Franco-Nevada Corporation will exercise 11,500,000 share purchase warrants by December 4, 2024, resulting in the issuance of 2,875,000 common shares and gross proceeds of $21.85 million.
November 06, 2024 | 11:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Franco-Nevada's exercise of share purchase warrants will result in G Mining Ventures issuing 2,875,000 shares, raising $21.85 million.
The exercise of warrants by Franco-Nevada will provide G Mining Ventures with significant capital, which is likely to be viewed positively by investors. The issuance of new shares could dilute existing shares, but the capital infusion is expected to outweigh this effect in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80