Victoria Lake Inc. (LVCA)

[ConferredDiligence]

Wow +87% at .06 today on this news, Hmmm

Lake Victoria Signs Engagement Agreement to Advance Project Financing

VANCOUVER, British Columbia--(BUSINESS WIRE)--

(LVCA:OTCBB) Lake Victoria Mining Company, Inc. has entered into a Financial Advisory Engagement Agreement (Agreement) with Mr. Hemendra A. Ghaghada (Advisor) of Dubai, United Arab Emirates.

The Agreement mandates the Advisor to provide advisory services with respect to the Company’s corporate financial and/or strategic initiatives in securing a financing commitment in the gross amount of up to USD$5.5 million. The financing is on a project by project basis and currently is specifically related to the Company’s Kinyambwiga Gold Project. It is agreed by the Parties that the advisory services will be undertaken on a best efforts and non-exclusive basis.

The initial term of the Agreement is for three months and compensation for the Advisor’s services will depend on the amount of funds that are provided by the Advisor.


Two days after this ?

Lake Victoria Mining Company Comments on Share Price and Trading Volume

VANCOUVER, British Columbia--(BUSINESS WIRE)--

Lake Victoria Mining Company, Inc. (LVCA:OTCBB) has experienced a substantial increase in price and trading volumes throughout the past several weeks.

The Company states: “The Company does not have any material information which has a bearing on the trading price or volume of its equity shares in the public market.”

We are currently and have been over the past year, in discussions with financing groups that have interest in funding the establishment of an operating gold mine at Kinyambwiga Gold Project, however we do not have any material agreements from any group that could be disclosed.

We will continue to work to satisfy our objective to establish a commercial gold mine at the Kinyambwiga Gold Project, Tanzania, East Africa.