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An announcement from Lincoln Gold Mining ( (TSE:LMG) ) is now available.
Lincoln Gold Mining Inc. has successfully closed the first tranche of its non-brokered private placement financing, raising $185,600 through the issuance of 1,237,333 units at $0.15 per unit. The proceeds will be used for general administrative expenses and to advance the Bell Mountain Project towards production. The company remains committed to its development goals, despite past challenges, and aims to deliver positive outcomes for shareholders. The securities issued are subject to a hold period and the tranche is pending final approval from the TSX Venture Exchange.
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, as well as 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: 107,914
Technical Sentiment Signal: Hold
Current Market Cap: C$4.51M
Learn more about LMG stock on TipRanks’ Stock Analysis page.