Lake Victoria Gold Announces the Completion of Its Acquisition of the Imwelo Mining License and $3,520,000 Concurrent Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG" or the "Company") is pleased to announce that it has completed the acquisition (the "Acquisition") of mining licence ML 538/2015 comprising the Imwelo gold project located in Tanzania (the "Imwelo Project") through the Company's wholly-owned subsidiary Tembo Gold Tanzania Limited (the "Purchaser"), as initially announced in the Company's press release dated August 10, 2023. Pursuant...
2025-02-28 1:20 PM EST
Lake Victoria Gold Signs Term Sheet for up to 7,000 Ounces Gold Pre-Pay Forward Purchase Facility
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG" or the "Company") is pleased to announce that on November 30th 2024 a non-binding term sheet was signed with Monetary Metals & Co. ("MM" or "Buyer") for a pre-paid forward arrangement (the "PPF"). The PPF includes a forward purchase of 7,000 ounces of gold to support the start-up and ongoing development of the Imwelo Mine in Tanzania. Additionally, MM will be entitled to an offtake of...
2024-12-03 6:30 AM EST
Lake Victoria Gold Announces Completion of 10-Year Renewal and Transfer of Imwelo Mining License
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) ("LVG" or the "Company") is pleased to announce that the Tanzanian Mining Commission has officially completed the 10-year renewal and authorization to transfer the Imwelo Mining License ("ML") to LVG, indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited. This significant milestone secures LVG's long-term rights to the Imwelo Project and provides a solid...
2024-11-07 6:30 AM EST
Lake Victoria Gold Update on Exploration of Licences Adjacent to the Tembo Project Acquired by Barrick
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") is pleased to provide an update on the Q1 and Q2 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited ("Buly"), a partnership between Barrick Gold Corporation ("Barrick") and the Government of Tanzania, on the licenses LVG sold to Buly in 2022. Q1-Q2 Exploration Highlights: Rainy Season Impacts: The first quarter was significantly hampered by an...
2024-09-10 7:00 AM EDT
Lake Victoria Gold Announces Submission of Final Documentation for 10-Year Renewal and Transfer of Imwelo Mining License
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") is pleased to announce that all required documentation has been successfully submitted to the Tanzanian Mining Commission for both the 10-year renewal of the Imwelo Mining License ("ML") and the transfer of the mining license to LVG. This submission includes updated Mining, Environmental, and Closure Plans, along with the necessary commitments to commence development...
2024-09-04 7:00 AM EDT
Lake Victoria Gold Announces Second Tranche Closing and Increase in Size of Its Non-Brokered Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that it has closed the second tranche of its non-brokered private placement announced on July 15, 2024 (the "Private Placement") of unsecured convertible debentures (each, a "Debenture") for gross proceeds to the Company of $187,000. The Company closed an initial tranche of the Private Placement on July 26, 2024 for gross proceeds of $563,000....
2024-08-08 2:29 PM EDT
Lake Victoria Gold Announces 10-Year Renewal of Imwelo Mining License
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that Tanzoz Minerals Ltd.'s ("TML") application to the Tanzanian Mining Commission for a 10-year renewal of the Imwelo Mining License ("ML") has been accepted subject to certain conditions. TML is required to submit updated Mining, Environmental, and Closure Plans, commit to commence development within 90 days, as well as pay the license...
2024-08-07 7:00 AM EDT
Lake Victoria Gold Announces First Tranche Closing of Its Non-Brokered Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that it has closed the first tranche of its non-brokered private placement announced on July 15, 2024 (the "Private Placement") of unsecured convertible debentures (each, a "Debenture") for gross proceeds to the Company of $563,000. The Company intends to close a subsequent tranche of the Private Placement to raise aggregate gross proceeds,...
2024-07-26 7:00 AM EDT
Lake Victoria Gold Announces Receipt of Tax Clearance Certificate for Imwelo Project Acquisition
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that it has received the Tax Clearance Certificate from the Tanzanian Revenue Authority ("TRA") for the acquisition of the Imwelo Mining License ("ML"). This significant milestone marks the final requirement for the transfer of the Imwelo Mining License to LVG by the Tanzanian Mining Commission. Key Milestone Achieved Marc Cernovitch, CEO &...
2024-07-18 7:00 AM EDT
Lake Victoria Gold Announces Non-Brokered Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") – is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of unsecured convertible debentures (each, a "Debenture") to raise gross proceeds to the Company of up to $750,000. Each Debenture will bear interest at 12% per annum payable quarterly, which interest, may at the option of the Company be settled in cash or in...
2024-07-15 1:46 PM EDT
Lake Victoria Gold Provides Update on Acquisition of Imwelo Project
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") - is pleased to report that it has received the tax assessment from the Tanzanian Revenue Authority ("TRA") on the taxes to be paid on the acquisition of the Imwelo Mining license (the "ML"). The taxes owing are within the expected budgeted range and are nominal in nature. Payment of the taxes will be made shortly, upon which the TRA will deliver a tax clearance...
2024-06-27 7:00 AM EDT
Lake Victoria Gold Provides a General Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") — is pleased to provide an update and report on the progress of corporate and technical developments. Imwelo Property Update The recent Fair Competition Commission approval for the acquisition of the Imwelo Mining License ("ML") represents an important regulatory milestone, moving the project closer to the transfer of the ML. Concurrently, the Tanzania Revenue Authority is in...
2024-05-08 7:00 AM EDT
Lake Victoria Gold Announces the Approval by the Tanzanian Fair Competition Commission of the Imwelo Mining Licence Acquisition
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") is pleased to announce a significant step forward in the Company's subsidiary Tembo Gold (T) Ltd's (TGTL) acquisition of the Imwelo mining licence from Tanzoz Minerals Limited announced on August 10, 2023 (https://lakevictoriagold.com/tembo-gold-announces-transformative-acquisition-and-landmark-investment-from-tanzanian-strategic-investor/) with the Tanzanian Fair...
2024-03-12 7:00 AM EDT
Lake Victoria Gold Announces Results of Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2024) - Lake Victoria Gold Limited. (TSXV: LVG) ("LVG", or the "Company") — is pleased to report that at the annual general meeting of shareholders of the Company (the "Meeting") held on February 7, 2024, the shareholders elected incumbent directors Marc Cernovitch, Simon Benstead, David Scott, Frank Högel and Seth Dickinson to the Board. In addition, shareholders elected new director Dean Comand. Mr. Comand is a self-employed...
2024-02-08 7:00 AM EST
Lake Victoria Gold Provides an Update on the Imwelo Gold Project Acquisition
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - Lake Victoria Gold Limited. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announced progress on the acquisition of the Imwelo Project mining licence from Tanzoz Minerals Limited in Tanzania (the "Acquisition"). Under the terms of the acquisition agreement, LVG's subsidiary Tembo Gold Tanzania Limited (TGTL) is acquiring the Imwelo mining licence ML538 (the Imwelo Project), which is planned for gold production within 12...
2024-01-18 7:00 AM EST
Tembo Announces Change of Name
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2023) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") announces that further to its news release dated November 30, 2023, the TSX Venture Exchange has approved the Company's name change to Lake Victoria Gold Ltd. The Company's new trading symbol on the TSX-V will be "LVG" . The effective date when the Company will begin trading under the new name and CUSIP number is Thursday, December 21st , 2023. The Company's new CUSIP...
2023-12-18 7:00 AM EST
Tembo Gold Reports Progress of the Acquisition of Dora Project
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Tembo Gold Corp. (TSXV: TEM) ("Tembo", or the "Company") is pleased to provide an update on the recently announced License Purchase Agreement of the Dora project. The Company is pleased to report that it has satisfied its obligations regarding payment terms of the purchase agreement, and the process of transferring the license has commenced. The Company expects the transfer to be completed during Q1 2024. The potential future...
2023-12-14 7:00 AM EST
Tembo Gold Grants RSUs
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2023) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") — announces that pursuant to the equity incentive plan adopted by the Company in June 2022, the Company has granted 9,600,000 restricted share units ("RSUs") to its directors, officers and employees. The RSUs vest four months from the grant date. On Behalf of the Board of Directors of Tembo, Simon Benstead Executive Chairman & CFO Phone: +1 604-685-9316 Email:...
2023-12-08 5:30 PM EST
With the Support of New Strategic Partner Taifa Group, Tembo to Change Name and Reposition for Growth and Consolidation in Tanzania
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") announces its plans for a new corporate identity and strategy. Further to its news releases dated August 10th & 29th, 2023 regarding the acquisition of the Imwelo & Dora Gold Projects (the "Projects") with combined historical resources of over 800,000 ounces and the C$11,520,000 financing with Taifa Group ("Taifa"), now is the right time to amend our corporate identity...
2023-11-30 8:36 AM EST
Tembo Reports the Progress of Barrick's Exploration Program on Licenses Acquired from Tembo Gold
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2023) - Tembo Gold Corp. (TSXV: TEM) (FSE: T23A) ("Tembo" or the "Company") is pleased to report that Bulyanhulu Gold Mine Limited ("Buly"), a subsidiary of Barrick Gold Corporation ("Barrick"), has provided the Company with a report on work completed on the six non-core licenses sold to Buly through the Asset Purchase Agreement (APA) signed on December 7, 2021 between Mineral Industry Promotion and Consulting Company Limited ("MIP")...
2023-11-16 7:00 AM EST