Lincoln Gold Mining (TSE:LMG) has released an update.
Lincoln Gold Mining Inc. has successfully completed the final tranche of its private placement, raising a total of $862,500 through the issuance of 3,450,000 units priced at $0.25 each. The funds are earmarked for acquiring the Bell Mountain gold project in Nevada, with plans to proceed with an updated Preliminary Economic Analysis and satisfy TSXV conditions for the acquisition. The units sold include a share and a half-warrant, exercisable at $0.50, with all securities subject to a hold period until November 5, 2024.
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