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Lincoln Gold Mining ( (TSE:LMG) ) has issued an update.
Lincoln Gold Mining Inc. has received a notice from creditors demanding repayment of approximately $1,000,000, with potential actions to be taken if the debt remains unpaid and significant changes occur in the company’s board or management after the annual general meeting. The company is actively engaging with creditors to manage the debt, including a proposed shares for debt transaction, pending TSX Venture Exchange approval, to mitigate the financial pressure and secure its operational stability.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC. The company is focused on advancing its interests in the Bell Mountain gold-silver property and the Pine Grove gold property, both located in the Walker Lane mineral belt, known for its rich gold and silver deposits. Lincoln aims to become a mid-tier gold producer.
Average Trading Volume: 98,614
Technical Sentiment Signal: Buy
Current Market Cap: C$5.53M
See more data about LMG stock on TipRanks’ Stock Analysis page.