Business
Lake Victoria Gold Announces Results of Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2024) - Lake Victoria Gold Limited. (...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Announces Results of Annual General MeetingVancouver, British Columbia--(Newsfile Corp. - February 8, 2024) - Lake Victoria Gold Limited. (TSXV: LVG) (\"LVG\", or the \"Company\") — is pleased to report that at the annual general meeting of shareholders of the Company (the \"Meeting\") held on February 7, 2024, the shareholders elected incumbent directors Marc Cernovitch, Simon Benstead, David Scott, Frank Högel and Seth Dickinson to the Board. In addition, shareholders elected new director Dean Comand. Mr. Comand is a self-employed consultant providing support to executive teams in a variety of sectors (mining and metals, utilities, energy, construction, infrastructure).Shareholders also passed resolutions to re-appoint Grant Thornton LLP as auditor of the Company and ratify the existing 10% rolling stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant. Following the Meeting, the directors appointed Marc Cernovitch as Chief Executive Officer of the Company, Simon Benstead as Executive Chairman and Chief Financial Officer, David Scott as Managing Director Tanzania, Seth Dickinson as Chief Operating Officer and Nick DeMare as Corporate Secretary. 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 100% interest in the Tembo project which has over 50 thousand meters of drilling and is located adjacent to Barrick's 20Moz Bulyanhulu Mine. The Company recently announced the acquisition of two deposits that support our objective of accretive growth and consolidation. The Imwelo project and Dora project both have potential for significant growth.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 60% of the shares. Notably, the Company is grateful for the validation that comes with the support and equity investment from Barrick Gold and recent strategic partnersh...