Marktinformationen

Lake Victoria Gold clears key hurdle in transfer of Imwelo mining licence

Issuer: Goldinvest Consulting GmbH / Key word(s): Mergers &
Acquisitions/Drilling Result
Lake Victoria Gold clears key hurdle in transfer of Imwelo mining licence

28.06.2024 / 07:03 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Next stage of investment triggered!

Lake Victoria Gold (TSX-V:LVG; FRA: E1K) has cleared a key formal hurdle in
its acquisition of the advanced stage Imwelo Gold Project in Tanzania. The
Company announces that the Tanzania Revenue Authority ("TRA") has finally
issued the due tax assessment notice for the acquisition of the Imwelo
Mining Licence ("ML"). The amount owed is within the expected range and is
financially marginal.

Lake Victoria intends to pay the tax liability immediately in order to
obtain the tax clearance certificate required for the final transfer of the
Imwelo licence. This certificate, together with the positive vote already
received from the Fair Competition Commission ("FCC"), is a prerequisite for
the Mining Commission to transfer the title of the Imwelo Mining Licence to
LVG. This transfer is regarded as a formality, as LVG now fulfils all the
requirements. The Imwelo project is ready for production and, together with
the neighbouring Dora project, has the potential for significant growth.

Read more here:

Lake Victoria Gold clears key hurdle in transfer of Imwelo mining licence

Follow Goldinvest.de on X (Twitter)!


Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and
companies the opportunity to publish comments, analyses and news on
http://www.goldinvest.de. This content is intended solely for the
information of readers and does not represent any kind of call to action;
neither explicitly nor implicitly are they to be understood as a guarantee
of any price developments. Furthermore, it is in no way a substitute for
individual expert investment advice and does not constitute an offer to sell
the share(s) in question or a solicitation to buy or sell securities. This
is expressly not a financial analysis, but an advertising/journalistic text.
Readers who make investment decisions or carry out transactions on the basis
of the information provided here do so entirely at their own risk. No
contractual relationship is established between GOLDINVEST Consulting GmbH
and its readers or the users of its offers, as our information relates only
to the company and not to the reader's investment decision.

The acquisition of securities involves high risks that can lead to the total
loss of the capital invested. The information published by GOLDINVEST
Consulting GmbH and its authors is based on careful research, but any
liability for financial losses or the guarantee of the topicality,
correctness, appropriateness and completeness of the articles offered here
is expressly excluded. Please also note our terms of use.

According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to
point out that GOLDINVEST Consulting GmbH and/or partners, clients or
employees of GOLDINVEST Consulting GmbH hold shares in Lake Victoria Gold
and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also
reserves the right to buy or sell shares in the company at any time. In
addition, there is a contractual relationship between Lake Victoria Gold and
GOLDINVEST Consulting GmbH, which involves GOLDINVEST Consulting GmbH
reporting on Lake Victoria Gold. This is another clear conflict of interest.


---------------------------------------------------------------------------

Dissemination of a Corporate News, transmitted by EQS News - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Goldinvest Consulting GmbH
                   Rothenbaumchausse 185
                   20149 Hamburg
                   Germany
   Internet:       www.goldinvest.de
   EQS News ID:    1935209

End of News EQS News Service
---------------------------------------------------------------------------