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Lake Victoria Gold Announces Non-Brokered LIFE Private Placement of Units and Concurrent Private Placement of Common Shares
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Lake Victoria Gold Ltd. (TSXV: LV...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Announces Non-Brokered LIFE Private Placement of Units and Concurrent Private Placement of Common SharesVancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (\"LVG\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement (the \"LIFE Private Placement\") consisting of the issuance of units of the Company (the \"Units\") at a price of $0.175 per Unit, for aggregate gross proceeds to the Company of up to $6,000,000. The LIFE Private Placement is subject to a minimum offering amount of $3,000,000.Each Unit will be comprised of one common share of the Company (each, a \"Share\") and one-half of one common share purchase warrant (a \"Warrant\"). Each Warrant will be exercisable by the holder thereof to acquire one additional Share (a \"Warrant Share\") at an exercise price of $0.27 per Warrant Share for a period of three years from the date of issuance of the Warrant (the \"Warrant Expiry Date\").Subject to compliance with applicable regulatory requirements, the LIFE Private Placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the LIFE Private Placement will not be subject to a hold period under applicable Canadian securities laws. There is an offering document related to the LIFE Private Placement that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.lakevictoriagold.com. Prospective investors should read this offering document before making an investment decision.In addition to the LIFE Private Placement, the Company announces a concurrent non-brokered private placement of up to $1,500,000 through the issuance of up to 8,571,428 Shares at a price of $0.175 per Share (the \"Concurrent Private Placement\" together with the LIFE Private Placement, the \"Private Placement\") to purchasers pursuant to other applicable exemptions under NI 45-106. All securities issued in connection with the Concurrent Private Placement will be subject to a statutory hold period of four months and one day following the date of iss...