Replies to post #4047 on Victoria Lake Inc. (LVCA)

[ConferredDiligence]

April 2012 Private Placement:

Form 8-K for LAKE VICTORIA MINING COMPANY, INC.


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27-Apr-2012

Unregistered Sale of Equity Securities



Item 3.02 Unregistered Sales of Equity Securities
In April, 2012 we closed a private placement of 14,285,000 shares at a price of $0.06 per share for gross proceeds of $857,100. We issued an aggregate of 2,000,000 shares to one subscriber that each represented that it was not a US person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction pursuant to Regulation S and/or Section 4(2) of the Securities Act of 1933 and an additional 12,285,000 shares to eight accredited investors, who represented that they were each a "US Person" as defined in Regulation S, pursuant to Rule 506 of Regulation D and/or Section 4(2) of the Securities Act of 1933. Proceeds of the private placement are intended to be applied to the Company's ongoing work program on its mining projects, continued exploration for new projects and general working capital.