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