bullish
LVG: Mining License Transfer + 10-Year Renewal
SUMMARY
- LVG announced the completion of the 10-year renewal and authorization to transfer the Imwelo Mining Licence to LVG.
- This major milestone significantly de-risks the Company as it progresses with development plans of the Imwelo Project and looks to take advantage of the elevated gold price in the near-term.
- Upon certain conditions, this announcement triggers the second tranche of the financing involving Taifa Group (at a significant premium to market, $3.8M at $0.24/share)
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