Lake Victoria Gold Proceeds With Up to $5 Million Private Placement
Bitget2026/10/30 11:34- Lake Victoria Gold plans to proceed independently with its non-brokered private placement to raise up to $5 million.
- The offering, announced October 20, 2026, comprises up to 16,666,666 common shares at $0.30 per share.
- Closing is expected in one or more tranches before or alongside HOB Energy FZCO’s approximately $27 million strategic investment, subject to approvals.
- Proceeds will support land compensation, grade control drilling and ongoing development at the fully permitted Imwelo Gold Project in Tanzania.
- The HOB transaction remains subject to definitive agreements, final due diligence and regulatory approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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