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

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.