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The latest announcement is out from Lincoln Gold Mining ( (TSE:LMG) ).
Lincoln Gold Mining Inc. has announced its intention to issue convertible note units amounting to CDN$650,000 to Ian Rogers, a director of the company. The proceeds from this issuance will be used to fund mining operations in Nevada and for general working capital. The issuance is subject to regulatory approvals, including disinterested shareholder approval due to the potential creation of a new Control Person. The company is seeking exemptive relief to proceed with the issuance before obtaining this approval.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. operates in the mining industry, focusing on gold mining operations. The company is engaged in the exploration and development of mining properties, with a particular emphasis on its operations in Nevada.
Average Trading Volume: 28,236
Technical Sentiment Signal: Sell
Current Market Cap: C$4.54M
Learn more about LMG stock on TipRanks’ Stock Analysis page.