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Lincoln Gold Mining ( (TSE:LMG) ) has issued an announcement.
Lincoln Gold Mining Inc. announced a shares-for-debt transaction to settle CDN $101,000 owed to a creditor by issuing 673,333 units, each comprising one common share and one-half of a warrant. The company also secured a CDN $190,160 unsecured loan from Ian Rogers, Chair of the Board, which is a related party transaction. These financial maneuvers aim to address previous private placement limitations and support the company’s ongoing operations and strategic goals.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company headquartered in Vancouver, BC. The company holds interests in the Bell Mountain gold-silver property, which is fully permitted and moving to 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 numerous gold and silver deposits. Lincoln Gold is focused on becoming a mid-tier gold producer.
Average Trading Volume: 31,890
Technical Sentiment Signal: Sell
Current Market Cap: C$4.77M
See more data about LMG stock on TipRanks’ Stock Analysis page.