Lake Victoria Gold Secures $2 Million Through Strategic Private Placement

Lake Victoria Gold Ltd. secured $2 million through a non-brokered private placement, showcasing robust insider confidence and adherence to Canadian financial regulation.

• Lake Victoria Gold Ltd. completed a non-brokered private placement by issuing 11,428,571 common shares at $0.175 each, raising $2 million in gross proceeds.
• Insiders of the privately held company participated significantly, acquiring 3,823,800 shares for a total of $669,165, indicating strong confidence in the company’s future.
• The issued securities are subject to a four-month-and-one-day statutory hold period in compliance with financial regulation under Canadian securities laws.