Lake Victoria Gold Announces the Completion of Its Acquisition of the Imwelo Mining License and $3,520,000 Concurrent Private Placement
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Lake Victoria Gold Ltd. has completed the acquisition of the Imwelo Mining License in Tanzania and a $3.52 million private placement.
February 28, 2025 | 6:30 pm
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POSITIVE IMPACT
Lake Victoria Gold Ltd. has successfully acquired the Imwelo Mining License in Tanzania and completed a $3.52 million private placement, potentially enhancing its asset base and financial position.
The acquisition of the Imwelo Mining License and the completion of a significant private placement are likely to strengthen LVG's asset portfolio and financial resources, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100