Tembo Gold (TSE:LVG) has released an update.
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Lake Victoria Gold Ltd. (LVG) has announced a non-brokered private placement to raise $750,000 through convertible debentures, aiming to bolster its working capital. These debentures will have a 12% annual interest rate, maturing in 24 months, and can be converted into common shares at a predetermined price. The capital raised is pivotal for LVG as it approaches the finalization of the Imwelo acquisition, which is expected to significantly advance the company’s strategic position in the Lake Victoria Goldfield.
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