09:52 AM EDT, 03/09/2026 (MT Newswires) -- (The company said the version of a news release issued by it earlier today was incorrect.

G Mining Ventures ( GMINF ) announced Monday that its largest shareholder, La Mancha S.a.r.L. elected to exercise its top-up right pursuant to the updated investor rights agreement between them and dated July 15, 2024, that allows La Mancha to increase its ownership up to 19.9%.

The company in a statement said this transaction represented the final opportunity for La Mancha to exercise its right to increase its ownership to such level, after which La Mancha retains only customary anti-dilution rights.

In a separate statement, GMIN noted La Mancha Investments will invest about C$427 million to maintain its ownership.

Louis-Pierre Gignac, President and Chief Executive Officer, said: "This additional investment by La Mancha further demonstrates its long-term support and its strong conviction in our ability to create shareholder value as we continue our evolution into a leading intermediate gold producer."

Shares of the company were down by near 5% amid broader stock market losses.

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