New York, Oct 14, 2012 (ABN Newswire) - The President of Lake Victoria Mining Company, Inc. (LVCA) David Kalenuik presented a creative investment opportunity that provides investors with a Royalty Position in the net proceeds of gold production in Lake Victoria's mineral assets.
The royalty plan was presented to investors during a live webcast and investment function from Manhattan's Investorium.tv on Thursday October 11, 2012.
Presenting alongside Rob McEwen from McEwen Mining (NYSE:MUX) and Eric Sprott from Sprott Asset Management (TSE:SII), Mr Kalenuik explained the growth strategy for the company to institutional investors and capital markets participants.
Using Royalty Purchase Agreements, the Company seeks to raise US$3 million from participants by selling up to 60% of the net proceeds of gold production of the Kinyambwiga gold project. The Company hopes that the Kinyambwiga will be the first of four gold projects that can be placed into small-scale production. The Company aims to move into a positive cash flow position by pursuing small-scale gold mining on its projects.
Lake Victoria Mining Company, Inc. (OTCBB:LVCA) is a gold exploration company focused on acquiring, exploring and developing gold mines in Africa’s world famous Lake Victoria Greenstone Belt in Tanzania, East Africa. This region is the 3rd largest producer of the African gold mining regions.
Contact
David Kalenuik (President) TEL: +1-303-586-1390 Email: info@lakevictoriaminingcompany.com
NYSE:MUX) and Eric Sprott from Sprott Asset Management (
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