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Lincoln Gold Mining ( (TSE:LMG) ) has issued an update.
Lincoln Gold Mining Inc. has announced a proposal to issue convertible note units to a company director, aiming to raise C$200,000. The proceeds will be used for mineral lease payments and working capital. The issuance is subject to TSX Venture Exchange approval and requires disinterested shareholder approval due to the potential creation of a new control person. The company seeks exemptive relief to proceed with the issuance before obtaining shareholder approval.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. operates in the mining industry, focusing on gold exploration and development. The company is involved in mineral leases and land management, particularly in Nevada.
Average Trading Volume: 91,138
Technical Sentiment Signal: Buy
Current Market Cap: C$5.87M
Learn more about LMG stock on TipRanks’ Stock Analysis page.