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An announcement from Lincoln Gold Mining ( (TSE:LMG) ) is now available.
Lincoln Gold Mining Inc. has finalized a shares-for-debt transaction to settle a CAD $101,000 debt with an arm’s length creditor through the issuance of equity units. Additionally, the company completed a private placement of CAD $850,000 in convertible note units intended to support its Nevada mining operations and address immediate expenses and obligations. The transactions underline the company’s efforts to strengthen its financial footing while adhering to regulatory and shareholder requirements.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. operates in the mining industry, focusing on the exploration and development of gold mining projects. The company is primarily engaged in advancing its operations in Nevada and aims to enhance its market presence within the precious metal sector.
Average Trading Volume: 29,638
Technical Sentiment Signal: Buy
Current Market Cap: C$5.61M
Learn more about LMG stock on TipRanks’ Stock Analysis page.