Monday, June 16, 2025

Latest

Lincoln Gold Announces $750,000 Financing

Lincoln Gold Mining Inc. (TSXV: LMG) today announced a non-brokered private placement offering of up to 4,167,000 units of the company priced at $0.18 per unit. The offering is anticipated to raise gross proceeds of up to $750,000.

Each respective unit will consist of one common share in the capital of Lincoln and one common share purchase warrant. Each warrant entitles the bearer to purchase one additional common share at a price of $0.25 for a period of 36 months from the closing of the private placement.

The net proceeds from the offering will be primarily used for the final stages of the permitting process for the company’s Pine Grove Gold Project in Nevada, exploration and water well drilling, as well as for general working capital purposes.

The release offered no mention of the private placements closing date.

Lincoln Gold Mining Inc. last traded on the TSX Venture at $0.22.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Silver: The Santa Elena Mine

Equinox Gold: Guidance Cut After Issues At Greenstone

Simply Solventless Q4 Earnings: So Much For Guidance

Recommended

Power Metallic Secures Jabal Baudan Project In Saudi Arabia

NexGen Energy Receives Approval For Site Expansion At Rook I Project

Related News

Is China Quietly Amassing Gold?

China has been purchasing gold at a rate ten times higher than officially disclosed, buying...

Saturday, December 21, 2024, 09:17:00 AM

Pakistan Government Looking to Borrow Citizens’ Gold in Effort to Boost Forex Reserves

The government of Pakistan is mulling borrowing gold from its citizens in exchange for a...

Monday, February 21, 2022, 01:45:00 PM

Azimut Exploration To Conduct $25 Million Bought Deal Offering

Azimut Exploration Inc. (TSXV: AZM) announced today that it has entered an agreement to conduct...

Wednesday, June 23, 2021, 08:15:17 AM

SSR Mining Drills 19.16 G/T Gold Over 6.98 Metres At Seabee

SSR Mining Inc. (TSX: SSRM) announced this morning the results from its Seabee mine and...

Monday, September 13, 2021, 09:29:00 AM

Unigold Drills 9.02 G/T Gold Over 30 Metres At Neita Concession

This morning, Unigold inc (TSXV: UGD) announced further results from its ongoing phase 1 drill...

Monday, August 10, 2020, 08:41:18 AM