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Lake Victoria Gold ups convertible debenture financing to $3.8M and converts $217K debentures to shares.

Company Fundamentals
28 Apr 2026
Newsfile Corp
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Bullish
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Lake Victoria Gold Ltd. increased its non-brokered convertible debenture financing from $3 million to $3.8 million due to strong investor demand, with the conversion price adjusted to $0.30 per share. Additionally, the company is converting $217,000 of its 2024 convertible debentures into common shares at $0.18 per share after meeting the required trading price target. These moves support the company's growth and development projects in Tanzania's Lake Victoria Goldfield, including the Tembo and Imwelo projects. The financing is subject to TSX Venture Exchange approval and reflects investor confidence in Lake Victoria Gold's expansion plans.

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