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| Date | 14 Aug 2023 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 1031J |
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.
- Ends -
For further information, please contact:
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MetalNRG PLC: |
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Rolf Gerritsen |
+44 (0) 207 796 9060 |
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Christopher Latilla-Campbell |
+44 (0) 207 796 9060 |
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Peterhouse Capital Limited - Joint Broker: |
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Lucy Williams |
+ 44 (0) 207 469 0930 |
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Duncan Vasey |
+ 44 (0) 207 469 0930 |
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S I Capital Limited - Joint Broker: |
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Nick Emerson |
+44 (0) 1483 413500 |
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