Turkish gold family seeks near-30% stake in Canadian company developing two Tanzanian mines

Turkish gold family seeks near-30% stake in Canadian company developing two Tanzanian mines

A gold industry business owned by Turkish investor Ozcan Halaç has proposed investing C$27.2 million in Lake Victoria Gold, a Canadian-listed company developing the Imwelo and Tembo gold projects in Tanzania. HOB Energy FZCO would purchase approximately 90.7 million Lake Victoria Gold shares at C$0.30 per share under a non-binding term sheet announced on October 20.

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