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Lincoln Gold Mining Inc.
Lincoln Gold Mining Inc.
Registriert in: Kanada WKN: A3D47M Rohstoffe:
Art: Originalaktie ISIN: CA53359R2054 Gold
Silber
Heimatbörse: TSX Venture Alternativ: LNCLF
Währung: CAD    
Symbol: LMG.V Forum:

Lincoln Mining Announces Proposed Private Placement of up to $400,000

12.04.2018 | 0:21 Uhr | FSCwire

Vancouver, British Columbia (FSCwire) - Lincoln Mining Corp., TSX-V: LMG (“Lincoln” or the “Company”) announces its plans to arrange for a non-brokered private placement of up to 8,000,000 units at a price of $0.05 per unit (“Units”) for total proceeds of up to $400,000.00 (the “Offering”). Each Unit will be comprised of one common share of the Company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.08 until April 26, 2022 after the closing of the Offering.

Finders’ fees may be payable in connection with the Offering and those qualified persons involved as finders will receive a cash fee of up to 7% of the proceeds raised and such number of warrants (having the same terms as the warrants forming part of the Units) equal to up to 7% of the total number of Units sold.

Lincoln intends to use the proceeds raised from the private placement for permitting on the Pine Grove project and for general working capital purposes.

All securities issued under the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including from the TSX Venture Exchange.

Lincoln Mining Corp. is a Canadian precious metals exploration and development company with two projects in various stages of exploration and development, namely the Pine Grove gold property in Nevada and the Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both Nevada corporations.

For further information, please contact Investor Relations at 604-688-7377 or visit the Company’s website at www.lincolnmining.com.

On behalf of Lincoln Mining Corporation

"Paul Saxton"

Paul Saxton, President & CEO

Neither the 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 press release includes forward-looking statements or information. All statements other than statements of historical fact included in this release, including without limitation, statements regarding the proposed Offering and permitting of the Pine Grove project, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include availability of capital and financing to complete the proposed Offering and maintain the Company’s projects; general economic, market or business conditions; fluctuating metal prices; regulatory changes; timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company. The Company makes all reasonable efforts to update its corporate material, documentation and forward-looking information on a timely basis.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.





To view the original release, please click here



Source: Lincoln Mining Corp. (TSX Venture:LMG, OTC Pink:LNCLF, FWB:ZMG1)

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