On February 8, 2012, Lake Victoria Mining Company, Inc. (LVCA:OTCBB)(“Lake Victoria” or the “Company”) entered into an agreement with Jones, Gable & Company Limited (“JGCL”) under which, subject to satisfactory completion of its due diligence procedures, JGCL has agreed to act as sponsor for the Company’s listing application to the TSX Venture Exchange. JGCL will be paid fees estimated to be CDN $40,000 plus taxes and reimbursement of JGCL’s expenses, and will receive a right of first refusal to manage any brokered financing of the Company until two years following the listing of the Company’s shares on the TSX Venture Exchange.
An agreement to act as sponsor should not be construed as any assurance with respect to the investment merits of the Company’s securities or the likelihood of listing.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain “forward-looking statements”. Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania is Africa's third largest gold producer, behind South Africa and Ghana, but also has reserves of uranium, nickel and coal. Gold exports alone earned it $1.46 billion in 2010, up from $1.076 billion the previous year. Lake Victoria holds nine prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at:
or by contacting: