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Katoro Gold PLC announced on 03 January 2024 that Lake Victoria Gold (LVG) has not provided proof of payment for an agreed Capital Contribution. This payment was due by 31 December 2023 under the terms of a Joint Venture Agreement for the Imweru Gold Project, which was originally announced on 7 March 2022. Katoro has formally engaged with LVG regarding this matter.
| Date | 3 Jan 2024 |
| Time | 07:00:04 |
| Category | Acquisitions and alliances |
| ID | 4387Y |
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(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 03 January 2024
Katoro Gold PLC ('Katoro' or the 'Company')
Update on Imweru Gold Project
Joint Venture Agreement with Lake Victoria Gold
Katoro Gold PLC (AIM: KAT), the strategic and precious minerals exploration and development company, announces that in terms of the Joint Venture Agreement ('Agreement') with Lake Victoria Gold to develop the Imweru Gold Project as announced on 7 March 2022, (RNS Nr 8292D dated 7 March 2022) LVG has to date not provided any proof of payment of the agreed Capital Contribution, payable on or before 31 December 2023 , commensurate with the Agreement referred to above.
The Company has subsequently formally engaged with LVG on this matter and is awaiting their response and will update the market in due course.
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or contact:
|
Louis Coetzee |
Kibo Energy plc |
Chief Executive Officer |
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|
James Biddle Roland Cornish |
+44 207 628 3396 |
Beaumont Cornish Limited |
Nominated Adviser |
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Nick Emmerson Sam Lomanto |
+44 148 341 3500 |
SI Capital Ltd |
Broker |
|
Zainab Slemang van Rijmenant |
Lifa Communications |
Investor and Media Relations Consultant |
