Lake Victoria Gold Management

Management criteria checks 1/4

Lake Victoria Gold's CEO is Marc Cernovitch, appointed in Nov 2023, has a tenure of less than a year. directly owns 1.64% of the company’s shares, worth CA$303.83K. The average tenure of the management team and the board of directors is 1.1 years and 2.9 years respectively.

Key information

Marc Cernovitch

Chief executive officer

CA$195.2k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	1.6%
Management average tenure	1.1yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO

Marc Cernovitch (49 yo)

less than a year

Tenure

CA$195,246

Compensation

Mr. Marc Cernovitch serves as Chief Executive Officer of Lake Victoria Gold Ltd. (formerly known as Tembo Gold Corp.) since November 30, 2023. He served as Independent Director of Eat Well Investment Group...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Simon Benstead	Executive Chairman & CFO	6.1yrs	CA$195.25k	12.32% CA$ 2.3m
Marc Cernovitch	CEO & Director	less than a year	CA$195.25k	1.64% CA$ 303.8k
David Scott	Managing Director of Tanzania	less than a year	CA$289.53k	5.38% CA$ 996.5k
Seth Dickinson	COO & Director	less than a year	no data	no data
Hendrick Meiring	Exploration Manager	2.3yrs	no data	no data
Nick DeMare	Corporate Secretary	1.8yrs	no data	no data

1.1yrs

Average Tenure

68yo

Average Age

Experienced Management: LVG's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Simon Benstead	Executive Chairman & CFO	6.1yrs	CA$195.25k	12.32% CA$ 2.3m
Marc Cernovitch	CEO & Director	12.7yrs	CA$195.25k	1.64% CA$ 303.8k
David Scott	Managing Director of Tanzania	12.8yrs	CA$289.53k	5.38% CA$ 996.5k
Seth Dickinson	COO & Director	less than a year	no data	no data
Robert Foster	Member of Advisory Board	2.9yrs	no data	no data
Emma Priestley	Member of Advisory Board	2.9yrs	no data	no data
John Stalker	Member of Advisory Board	2.7yrs	no data	no data
Frank Hoegel	Independent Director	10.3yrs	CA$14.00k	0.26% CA$ 47.8k
Dean Comand	Independent Director	less than a year	no data	no data

2.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: LVG's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Lake Victoria Gold Management

Management criteria checks 1/4

Key information

Recent management updates

Less than half of directors are independent

Tembo Gold Corp., Annual General Meeting, Feb 07, 2024

Tembo Gold Corp. Announces CEO Changes

Tembo Gold Corp. Announces Executive and Board Changes

CEO, President & Director exercised options to buy CA$158k worth of stock.

Key Executive recently sold CA$170k worth of stock

Recent updates

Less than half of directors are independent

Tembo Gold Corp., Annual General Meeting, Feb 07, 2024

Tembo Gold Corp. Announces CEO Changes

Tembo Gold Corp. Announces Executive and Board Changes

New minor risk - Share price stability

Tembo Gold Corp. (TSXV:TEM) entered into agreement to acquire Imwelo Gold Project in Tanzania from Lake Victoria Gold Ltd. for CAD 4.9 million.

New minor risk - Shareholder dilution

CEO, President & Director exercised options to buy CA$158k worth of stock.

Key Executive recently sold CA$170k worth of stock

Tembo Gold Corp. Announces Further Encouraging Ngula 1 Target Results from the Ongoing Diamond Drilling Campaign on Tembo Project in Tanzania

Tembo Gold Corp. Reports New Discovery Along the Bulyanhulu Trend

Tembo Gold Corp. Announces the First Results of the 2022 Diamond Drilling Campaign on Its Tembo Project in Tanzania

Tembo Gold Corp. announced that it has received CAD 0.49275 million in funding

Tembo Gold Corp. Reports Progress of Diamond Drilling Programme of 2022

Tembo Gold Corp. Appoints Nick DeMare as Corporate Secretary

Tembo Reports the Commencement of the Initial Phase of the 2022 Diamond Drilling Program At NGULA 1

Tembo Gold Corp., Annual General Meeting, Jul 25, 2022

Tembo Gold Corp. announced that it expects to receive CAD 0.5454 million in funding

Tembo Gold Corp. announced that it has received CAD 1.490066 million in funding from Bulyanhulu Gold Mine Limited

Tembo Gold Corp. Finalizing Remobilisation Activities for an Expanded Drill Campaign

Tembo Gold Corp. announced that it expects to receive CAD 1.490066 million in funding from Bulyanhulu Gold Mine Limited

Tembo Gold Corp. Provides Update of Imminent Restart of Exploration Activities at its Tembo Gold Project in the Highly Prolific Lake Victoria Goldfield in Northern Tanzania

Key Executive recently sold CA$58k worth of stock

Tembo Gold Corp. announced that it has received CAD 2.221505 million in funding from AIMS Asset Management Sdn Bhd and other investors

Tembo Gold Corp. announced that it expects to receive CAD 3 million in funding

Tembo Gold Corp. Announces Positive Preliminary Outcomes of the Goldspot Collaboration Project

Key Executive recently bought CA$55k worth of stock

Key Executive recently bought CA$55k worth of stock

Tembo Gold Corp. Adds 70 Sq.Km Including 30 Sq.Km Directly Adjoining Barrick´s Bulyanhulu Mine

Tembo Gold Corp. Provides Geological Information on the Ngula 1 target, Tembo Project

Tembo Gold Corp. announced that it has received CAD 0.795 million in funding

Tembo Gold Corp. announced that it expects to receive CAD 0.795 million in funding

Tembo Gold Corp. announced that it has received CAD 1.1 million in funding from BW Holdings and other invstors

New 90-day high - CA$0.28

Tembo Gold Corp. Auditor Raises 'Going Concern' Doubt

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age