RCS - MetalNRG PLC - Lake Victoria Gold interest Update

MetalnrgAnnouncement

14/08/2023 07:00

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RNS Number : 1031J  MetalNRG PLC  14 August 2023

 

14 August 2023

 

 

MetalNRG plc

(the "Company" or "MetalNRG")

 

Lake Victoria Gold interest update

 

 

MetalNRG plc (LON:MNRG), the natural resources and energy company, informs the
market that Lake Victoria Gold Ltd has informed it of the following proposed
transaction.

 

Tembo Gold Corp. (TSXV: TEM) has announced that it has entered into a
Licences Purchase Agreement dated August 9th, 2023 with Lake Victoria Gold
Ltd. ("LVG"), a private Australian company in which MetalNRG has a minority
equity interest, pursuant to which Tembo Gold will acquire, indirectly through
its wholly-owned subsidiary Tembo Gold Tanzania Limited, LVG's Imwelo Gold
Project in Tanzania.

 

The offer is conditional on a number of conditions precedent, that are being
worked through by the relevant parties. The detailed announcement from Tembo
Gold can be accessed via the link below.

 

Tembo Gold Announces Transformative Acquisition and Landmark Investment from
Tanzanian Strategic Investor | Tembo Gold Corp. | TSX.V - TEM
(https://tembogold.com/tembo-gold-announces-transformative-acquisition-and-landmark-investment-from-tanzanian-strategic-investor/)

 

 

 

- Ends -

 

 

For further information, please contact:

 MetalNRG PLC:
 Rolf Gerritsen                    +44 (0) 207 796 9060
 Christopher Latilla-Campbell      +44 (0) 207 796 9060
 Peterhouse Capital Limited - Joint Broker:
 Lucy Williams    + 44 (0) 207 469 0930
 Duncan Vasey     + 44 (0) 207 469 0930
 S I Capital Limited - Joint Broker:
 Nick Emerson     +44 (0) 1483 413500

 

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