Imwelo Gold Project Development Financing
Sector: Mining • Location: Tanzania
Source: The Globe and Mail
Lake Victoria Gold Ltd. has agreed to terms for a gold loan facility of up to 6,000 ounces of gold (approximately US$25 million) with Monetary Metals & Co., alongside a fully committed $3.0 million non-brokered convertible debenture financing. The financing aims to support the development of the Imwelo Gold Project in Tanzania and accelerate ongoing work programs. The gold-denominated facility is
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Lake Victoria Gold Ltd. has agreed to terms for a gold loan facility of up to 6,000 ounces of gold (approximately US$25 million) with Monetary Metals & Co., alongside a fully committed $3.0 million non-brokered convertible debenture financing. The financing aims to support the development of the Imwelo Gold Project in Tanzania and accelerate ongoing work programs. The gold-denominated facility is designed as a non-dilutive project financing solution with repayment in gold ounces, aligning with future gold production from Imwelo. The company targets closing within approximately 60-90 days, subject to due diligence, definitive agreements, and regulatory approvals. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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