Lincoln Gold Closes Second Tranche of Financing and Updates on Corporate Developments

An update from Lincoln Gold Mining ( (TSE:LMG) ) is now available.

Lincoln Gold Mining Inc. has announced the closing of the second tranche of its private placement financing, raising $11,250 through the issuance of 75,000 units. The company decided to discontinue the remaining balance of the private placement due to uncertainties surrounding future management, as highlighted by shareholder objections. The proceeds will be used for general administrative expenses. Additionally, Lincoln Gold has completed its share issuance obligations related to the acquisition of the Bell Mountain Gold/Silver project and has granted stock options to certain directors, officers, and consultants.

More about Lincoln Gold Mining

Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC. The company is focused on advancing its Bell Mountain gold-silver property, which is fully permitted and moving towards production, and the Pine Grove gold property, which is in the final stages of permitting. Both projects are located in the Walker Lane mineral belt, known for its rich gold and silver deposits. Lincoln Gold aims to become a mid-tier gold producer.

Average Trading Volume: 94,646

Technical Sentiment Signal: Hold

Current Market Cap: C$4.85M

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