Lake Victoria Gold to Proceed with CA$5 Million Shareholder Offering

09:01 AM EDT, 10/30/2026 (MT Newswires) -- Lake Victoria Gold (LVG.V) said Friday it plans to proceed with a CA$5 million shareholder participation offering independently of a proposed CA$27 million strategic investment by HOB Energy FZCO. The company said proceeds from the offering will support development activities at its Imwelo gold project in Tanzania, including land compensation payments and grade control drilling, while it continues working toward completion of the larger transaction. Under the terms of the private placement, Lake Victoria will issue about 16.7 million shares at CA$0.30 apiece.