Announcement • May 20
Lake Victoria Gold Ltd. announced that it has received CAD 3.8342 million in funding On May 20, 2026, Lake Victoria Gold Ltd. closed the transaction by closing its second and final tranche of transaction. The second tranche consists of CAD 300,000 in its principal amount of the Convertible Debenture. In light of continued strong investor participation, the Company also announced its intention to upsize the financing to up to CAD 5,000,000, subject to TSX Venture Exchange approval. The debenture structure is straightforward. Each debenture bears 5% interest paid semi-annually in cash, matures 36 months from issuance, and is convertible at the holder's option into common shares at a conversion price of CAD 0.30 per share. Investors in the 2nd tranche also received warrants exercisable at CAD 0.40 for 36 months, 499,997 warrants in this tranche and 6,390,324 warrants across the two tranches in total. Announcement • Apr 02
Lake Victoria Gold Ltd. announced that it expects to receive CAD 3 million in funding Lake Victoria Gold Ltd. announces a non-brokered private placement with Monetary Metals & Co to issue 5% unsecured convertible debentures for gross proceeds of CAD 3,000,000 On April 1, 2026. The debentures will bear interest at 5% per annum, payable semi-annually in cash, and will have a 36-month term. The debentures will constitute unsecured obligations of the company, ranking pari passu with all other unsecured indebtedness and subordinate to any present or future secured debt obligations of the company. The principal amount of the debentures will be convertible, at the option of the holder, into common shares of the company at a price of CAD 0.31 per share, subject to customary adjustments. In connection with the debentures, investors will receive warrants to purchase a number of shares equal to 50% of the number of shares issuable upon conversion of the debentures, exercisable at CAD 0.40 per share for a period of 36 months. Insiders of the company may participate in the private placement. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The private placement remains subject to the approval of the TSX-V. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$47.9m market cap, or US$34.8m). 
