Lake Victoria Gold Issues Shares to Pay Debenture Interest
Lake Victoria Gold (OTCQB: LVGLF) has issued 228,872 common shares at $0.195 per share to satisfy its interest payment obligations to debenture holders. The share issuance, which received TSX Venture Exchange approval, covers $44,630 in accrued interest on $750,000 of convertible debentures issued in July and August 2024. The interest payment period covers up to June 30th, 2025.
Lake Victoria Gold (OTCQB: LVGLF) ha emesso 228.872 azioni ordinarie al prezzo di 0,195 $ per azione per soddisfare i suoi obblighi di pagamento degli interessi ai detentori di obbligazioni convertibili. L'emissione delle azioni, approvata dalla TSX Venture Exchange, copre 44.630 $ di interessi maturati su 750.000 $ di obbligazioni convertibili emesse a luglio e agosto 2024. Il periodo di pagamento degli interessi copre fino al 30 giugno 2025.
Lake Victoria Gold (OTCQB: LVGLF) ha emitido 228,872 acciones comunes a $0.195 por acción para cumplir con sus obligaciones de pago de intereses a los tenedores de bonos convertibles. La emisión de acciones, que recibió la aprobación de la TSX Venture Exchange, cubre $44,630 en intereses acumulados sobre $750,000 en bonos convertibles emitidos en julio y agosto de 2024. El periodo de pago de intereses abarca hasta el 30 de junio de 2025.
Lake Victoria Gold (OTCQB: LVGLF)는 전환사채 보유자에 대한 이자 지급 의무를 충족하기 위해 주당 0.195달러에 228,872 보통주를 발행했습니다. TSX 벤처 거래소의 승인을 받은 이번 주식 발행은 2024년 7월과 8월에 발행된 750,000달러 규모 전환사채에 대한 누적 이자 44,630달러를 포함합니다. 이자 지급 기간은 2025년 6월 30일까지입니다.
Lake Victoria Gold (OTCQB : LVGLF) a émis 228 872 actions ordinaires au prix de 0,195 $ par action pour satisfaire ses obligations de paiement d’intérêts envers les détenteurs d’obligations convertibles. L’émission d’actions, approuvée par la TSX Venture Exchange, couvre 44 630 $ d’intérêts courus sur 750 000 $ d’obligations convertibles émises en juillet et août 2024. La période de paiement des intérêts s’étend jusqu’au 30 juin 2025.
Lake Victoria Gold (OTCQB: LVGLF) hat 228.872 Stammaktien zu je 0,195 $ pro Aktie ausgegeben, um seinen Zinszahlungsverpflichtungen gegenüber den Inhabern von Wandelanleihen nachzukommen. Die Aktienausgabe, die von der TSX Venture Exchange genehmigt wurde, deckt 44.630 $ an aufgelaufenen Zinsen auf 750.000 $ Wandelanleihen ab, die im Juli und August 2024 ausgegeben wurden. Der Zinszahlungszeitraum erstreckt sich bis zum 30. Juni 2025.
- None.
- Company paying interest through share issuance rather than cash, potentially indicating cash flow constraints
- Additional share issuance creates dilution for existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") announces that further to its news release dated July 3rd 2025 the Company, having received TSX Venture Exchange approval, has issued to debenture holders an aggregate of 228,872 common shares in the capital of the Company (the "Shares") at a price of $0.195 per Share, as determined in accordance with the terms of the
About Lake Victoria Gold (LVG):
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.
The Company has a
LVG has assembled a highly experienced team with a track record of developing, financing, and operating mining projects in Africa with management, directors and partners owning more than
On Behalf of the Board of Directors of the Company,
Simon Benstead
Executive Chairman & CFO
Phone: +1 604-685-9316
Email: sbenstead@lakevictoriagold.com
For more information, please contact:
Simon Benstead
Executive Chairman & CFO
Phone:+ 1 604-685-9316
Email: sbenstead@lakevictoriagold.com
Marc Cernovitch
CEO & Director
Phone: +1 604-685-9316
Email: mcernovitch@lakevictoriagold.com
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.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation, including: the completion of transaction and obtaining regulatory approval for the transaction. 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 prove 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259716
FAQ
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