G2 Goldfields Announces Private Placement Increase

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TORONTO, Jan. 24, 2022 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV:GTWO; OTCQX:GUYGF) is pleased to announce that it proposes to increase its previously announced non-brokered private placement to provide for the issuance of up to 6,800,000 units (the “Units”) at a price of $0.45 per Unit, for gross proceeds of up to $3,060,000 (the “Offering”). Each Unit shall be comprised of one common share (“Share”) of the Company and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder, on exercise, to purchase one Share for a period of two years following issuance of the Warrant at an exercise price of $1.20 per Share.

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