A wholly-owned subsidiary of La Mancha Fund (La Mancha), a Luxembourg-based fund advised by La Mancha Capital Advisory (LMCA), is to invest approximately $69 million in G Mining Ventures Corp (G Mining).
The investment will assist G Mining to finance the development and construction of its Tocantinzinho Gold Project (TZ) located in the Para State in Brazil.
As La Mancha’s first gold investment in the Americas, this marks a positive step towards fulfilling LMCA’s objective of diversifying the fund’s portfolio in multiple jurisdictions and production stages.
LMCA is pleased to support the G Mining management team, which has a demonstrated outstanding experience in mine construction and development through its affiliation with G Mining Services Corp, which has successfully built three mines in similar environments. As part of its investment thesis, LMCA believes that TZ is a solid foundation asset which should enable the G Mining team to ultimately expand G Mining into an intermediate-scale, multi-asset gold producer, in line with the strategy successfully backed by LMCA.