Lake Victoria GOLD Announces Extension to Non-Brokered Private Placement of Convertible Debentures
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
LAKE VICTORIA GOLD ANNOUNCES EXTENSION TO NON-BROKERED PRIVATE PLACEMENT OF
CONVERTIBLE DEBENTURES
September 27, 2024, Vancouver, BC – Lake Victoria Gold Ltd. (TSXV:LVG) ( “LVG”, or the “Company”) –
announces that it is extending the closing of its non-brokered private placement previously announced on July 15,
2024 and August 28, 2024 (the “Private Placement”) of unsecured convertible debentures (each, a “Debenture”)
for aggregate gross proceeds to the Company of up to $1,000,000 . The Company is extending the Private
Placement to a final closing date on or around October 31, 2024 in order to complete subscriptions for the
increased size of the Private Placement. The Company closed its first and second tranches of the Private Placement
on July 26, 2024 and August 8, 2024, respectively, for aggregate gross proceeds of $750,000.
The Private Placement is subject to the final approval of the TSX Venture Exchange. For further details o n the
Private Placement and the Debentures, see the Company’s press release dated August 8, 2024.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would
be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements thereunder.
About Lake Victoria Gold
Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture
Exchange under the symbol LVG. Leveraging our unique position and experience, the Company is principally
focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania.
On Behalf of the Board of Directors of the Company,
Simon Benstead
Executive Chairman & CFO
Phone: +1 604-685-9316
Email: [email protected]
For more information please contact:
Simon Benstead Marc Cernovitch
Executive Chairman & CFO CEO & Director
Phone:+ 1 604-685-9316 Phone: +1 647-203-7868
Email: [email protected] Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS NEWS RELEASE.
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Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking information” within the meaning of applicable Canadian
securities legislation, including: the size and completion of the Private Placement. All statements in this news
release that address events or developments that we expect to occur in the future are forward-looking statements.
Forward-looking statements are statements that are not historical facts and are generally, although not always,
identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”,
“budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events
or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are
based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond
LVG’s control, including risks associated with or related to: receipt of all regulatory approvals; the state of financing
availability; the volatility of metal prices and LVG’s common shares; actual exploration or development plans and
costs differing materially from the Company’s estimates; and other risks disclosed in the Company’s public filings.
LVG’s forward -looking statements are based on the opinions and estimates of management and reflect their
current expectations regarding future events and operating performance and speak only as of the date hereof.
LVG does not assume any obligation to update forward- looking statements if circumstances or management's
beliefs, expectations or opinions should change other than as required by applicable law. There can be no
assurance that forward- looking statements will p rove to be accurate, and actual results , performance or
achievements could differ materially from those expressed in, or implied by, these forward- looking statements.
Accordingly, no assurance can be given that any events anticipated by the forward- looking statements will
transpire or occur, or if any of them do, what benefits or liabilities LVG will derive therefrom. For the reasons set
forth above, undue reliance should not be placed on forward-looking statements.