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.
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold
mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East
Africa. Tanzania is Africa’s fourth largest gold producer behind South
Africa, Ghana and Mali.
Lake Victoria Mining Company, Inc.
David T. Kalenuik, President &
CEO
Phone: (303) 586-1390
Email: info@lvcamining.com
Contacts:
Lake Victoria Mining Company, Inc.
David T. Kalenuik, 303-586-1390
President
& CEO
info@lvcamining.com
Source: Lake Victoria Mining Company, Inc.
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