GoldMining Inc. Reports Sale of Shares in NevGold Corp.

GoldMining Inc. Shares Key Updates on NevGold Corporation
GoldMining Inc. (the "Company") has recently engaged in significant transactions concerning its holdings in NevGold Corp. By disposing of 1,500,000 common shares, the Company has made strategic moves aligned with its investment goals. This transaction took place within the framework of block trades facilitated by the TSX Venture Exchange, signaling a proactive approach in portfolio management.
Company's Ownership Structure Pre and Post-Transaction
Before this sale, GoldMining beneficially owned approximately 24,073,350 NevGold Shares, equating to about 21.1% of total outstanding shares. Following this disposition, the Company now retains around 22,573,350 NevGold Shares, representing 19.8% of the outstanding shares. This adjustment underscores the dynamic nature of the Company's investment strategies.
Early Warning Report Submission
In compliance with regulatory requirements, an early warning report will be filed in accordance with National Instrument 62-103 on SEDAR+. Stakeholders and interested parties can access the full report under NevGold's profile on the platform.
Contact Information for Inquiries
For further information or copies of the report, individuals are encouraged to contact Pat Obara, Chief Financial Officer of GoldMining Inc. The Company’s head office is located at 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2. Queries can also be directed via telephone at +1 (855) 630-1001.
Investment Philosophy and Future Plans
The recent sale of shares reflects the Company's ongoing investment philosophy, which focuses on making informed decisions based on market conditions, potential reformulation of plans, and emerging opportunities. The Company maintains flexibility in its investment portfolio and may engage in further transactions involving existing or additional securities as needed.
About GoldMining Inc.
GoldMining Inc. is a prominent public mineral exploration company dedicated to acquiring and developing valuable gold assets throughout the Americas. Adopting a disciplined acquisition strategy, GoldMining has established a diverse portfolio that includes various resource-stage gold and gold-copper projects, as well as strategic investments across multiple countries, which include Canada, the U.S.A., Brazil, Colombia, and Peru.
Strategic Investments Overview
In addition to its holdings in NevGold Corp., the Company owns around 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY) and 9.9 million shares of U.S. GoldMining Inc. (NASDAQ: USGO). These investments complement GoldMining Inc.’s growth strategy and enhance its market positioning.
Frequently Asked Questions
What recent transaction did GoldMining Inc. conduct?
GoldMining Inc. disposed of 1,500,000 common shares of NevGold Corp.
How much did GoldMining own in NevGold before the sale?
Before the sale, GoldMining owned approximately 24,073,350 NevGold Shares.
What is the current ownership percentage of GoldMining in NevGold?
After the sale, GoldMining now holds about 19.8% of the outstanding shares of NevGold.
Where can the early warning report be found?
The early warning report will be filed on SEDAR+ under NevGold's profile.
What is the focus of GoldMining Inc.?
GoldMining Inc. specializes in the acquisition and development of gold assets across the Americas.
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