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Lincoln Gold Mining ( (TSE:LMG) ) has shared an announcement.
Lincoln Gold Mining Inc. has successfully closed a convertible note unit issuance, raising C$200,000 from director Ian Rogers. The proceeds will be used for mineral lease payments and working capital in Nevada. The issuance allows for conversion into common shares, with restrictions on Mr. Rogers’ conversion rights to prevent exceeding 19.99% ownership until shareholder approval is obtained.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. operates in the mining industry, focusing on gold exploration and development. The company is engaged in mineral exploration and holds interests in properties located in Nevada, USA.
Average Trading Volume: 90,008
Technical Sentiment Signal: Buy
Current Market Cap: C$5.92M
For an in-depth examination of LMG stock, go to TipRanks’ Overview page.