Lake Victoria Gold Ltd. - is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible debentures 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 [...]
Lake Victoria Gold - is pleased to report that it has received the tax assessment from the Tanzanian Revenue Authority on the taxes to be paid on the acquisition of the Imwelo Mining license . 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 [...]
Lake Victoria Gold - 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 represents an important regulatory milestone, moving the project closer to the transfer of the ML [...]
Lake Victoria Gold is pleased to announce a significant step forward in the Company's subsidiary Tembo Gold (T) Ltd's acquisition of the Imwelo mining licence from Tanzoz Minerals Limited announced on August 10, 2023 with the Tanzanian Fair Competition Commission approval granted on Feb 29, 2024. In Q4 2023, Tembo Gold (T) Ltd (TGTL) submitted an [...]
Lake Victoria Gold is pleased to report that at the annual general meeting of shareholders of the Company held on Feb 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 [...]
Lake Victoria Gold is pleased to announced progress on the acquisition of the Imwelo Project mining licence from Tanzoz Minerals Limited. Under the terms of the acquisition agreement, LVG's subsidiary Tembo Gold Tanzania Ltd is acquiring the Imwelo mining licence ML538, which is planned for gold production within 12 months. For further information [...]
Tembo Gold 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, Dec 21st, 2023 [...]
Tembo Gold 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 [...]
Tembo Gold 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 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 [...]
Tembo Gold Corp. 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 with combined historical resources of over 800,000 oz and the C$11,520,000 financing with Taifa Group, now is the right time to amend our corporate [...]
Tembo Gold Corp. is pleased to report that Bulyanhulu Gold Mine Limited, a subsidiary of Barrick Gold Corp., has provided the Company with a report on work completed on the six non-core licenses sold to Buly through the Asset Purchase Agreement signed on December 7, 2021 between Mineral Industry Promotion and Consulting Company Limited a Tembo Gold [...]
Tembo Gold is pleased to provide this update to its news release dated August 10th, 2023 regarding the acquisition of the Imwelo Gold Project in Tanzania, and the C$11,520,000 financing with Taifa Group. The Company continues to work to obtain the required regulatory approvals in Tanzania to complete the acquisition of the Imwelo property. The [...]