Tembo Gold (TSE:LVG) has released an update.
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Lake Victoria Gold Ltd. has successfully closed the second tranche of its non-brokered private placement, raising $187,000 and increasing the target to $1,000,000 due to investor interest. The convertible debentures offer a 12% annual interest, with an option for conversion into common shares at $0.18 each. The raised funds are designated for general working capital purposes and the placement is pending final approval.
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