11:51 AM EST, 11/29/2024 (MT Newswires) -- G2 Goldfields ( GUYGF ) said Friday it filed the requisite notice to set the record and meeting date for a shareholders' meeting to vote on the company's proposed spinout of non-core assets.

The record date to determine which shareholders are eligible to attend and vote at the meeting will be Dec. 17, and the meeting will be held on Jan. 28.

Under the plan, a new subsidiary named G3 Goldfields will hold the assets, including the Tiger Creek, Peters, Aremu and Amsterdam properties in Guyana.

G2 said the proposed spinout will allow the company to focus on developing the OKO project in Guyana.

G2 shares were last seen up $0.09 to $2.19 on the Toronto Stock Exchange.

Price: 2.19, Change: +0.09, Percent Change: +4.29