G2 Goldfields Inc. announced a non-brokered private placement of 28,965,365 common shares at a price of CAD 1.45 per common share for aggregate gross proceeds of CAD 41,999,779.25 on July 17, 2024. The transaction will include participation from a single European investor for 20,000,000 common shares; and returning investor AngloGold Ashanti plc for 8,965,365 common shares increasing its stake from approximately 12.8% to 15%. The offering is expected to close in early August 2024 and is conditional on the satisfaction of customary conditions, including approval of the Toronto Stock Exchange.