GOLDINVEST CONSULTING GMBH EQS-News: Lake Victoria Gold clears key hurdle in transfer of Imwelo mining licence

Transparency directive : regulatory news

28/06/2024 07:03

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.

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

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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.

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


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