Energy News Today

MetalNRG says Lake Victoria Gold acquisition bid ‘ticks all of the boxes’

PLC’s () Rolf Gerritsen talks to Proactive London’s Katie Pilbeam about the agreement to acquire an unlisted Australian gold miner that owns a mining licence in Tanzania that is said to be 12 months away from first production.

Gerritsen explains that plan to place up to £5m after entering into a bid implementation agreement for the acquisition of Lake Victoria Gold Ltd (LVG).

He explains their strategy to continue with acquiring ‘under valued assets’ and exceptional management, in this case, LVG has been working in Tanzania for eight years.

And this asset offers ‘ additional upside potential’. Gerritsen sends a message to investors ‘concerned about dilution’ and says ‘the cake is much bigger’ and that the ‘value of the shares will substantially increase’.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…

In exchange for publishing services rendered by the Company on behalf of MetalNRG named herein, including the promotion by the Company of MetalNRG in any Content on the Site, the Company receives from said issuer…


Read More: MetalNRG says Lake Victoria Gold acquisition bid ‘ticks all of the boxes’

2020-10-21 05:44:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: