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An update from Lincoln Gold Mining ( (TSE:LMG) ) is now available.
Lincoln Gold Mining Inc. announced a proposed debt settlement to address indebtedness of up to CDN $903,379.22 by issuing up to 5,493,205 units at $0.165 per unit, each comprising one common share and one warrant. This move, subject to regulatory approval, involves a related party transaction with director Dong Shim but is exempt from certain formal requirements. The settlement aims to enhance the company’s financial stability, reflecting its strategic efforts to strengthen its market position in the precious metals industry.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC. The company holds 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 gold and silver deposits. Lincoln aims to become a mid-tier gold producer.
Average Trading Volume: 98,221
Technical Sentiment Signal: Hold
Current Market Cap: C$4.74M
For an in-depth examination of LMG stock, go to TipRanks’ Overview page.