Lake Victoria Gold Issues Shares to Pay Debenture Interest

Core Points - Lake Victoria Gold Ltd. has issued 228,872 common shares at a price of $0.195 per share to debenture holders, fulfilling an obligation of $44,630 in interest on convertible debentures [1] - The company is focused on growth and consolidation in the Lake Victoria Goldfield in Tanzania, leveraging its unique position and experience [2] - Lake Victoria Gold holds a 100% interest in the Tembo project and the Imwelo Project, both of which are positioned for near-term development opportunities [3] - The management team has significant experience in developing and operating mining projects in Africa, with over 60% of shares owned by management, directors, and partners [4]