Lincoln Gold Mining Inc V.LMG

Alternate Symbol(s): LNCLF

Metals & Mining Gold

Lincoln Gold Mining Inc. is an advanced-stage gold mine exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties. It holds interests in the Pine Grove gold property, a development-stage gold project, located in the United States. The Pine Grove project hosts two gold deposits: the Wilson deposit and the Wheeler deposit. The property is located approximately 20 miles south of Yerington, in the Pine Grove Hills, Lyon County, Nevada. The Company operates within two geographic areas - United States of America and Canada. It controls 100% mineral interest in claims covering nearly seven square miles. The Company holds a mining lease on the Wheeler mine (4 patented claims) and 243 unpatented claims (lode, placer and millsite) that surround the Wilson patented claims.

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Lincoln Gold Mining Inc > Todays news release,

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Post by MrDales62on May 03, 2023 9:34am

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Post# 35427203

Todays news release,

Wow, they just consolidated from 30+ million shares.

Management is nuts, back to 21 million shares, plus warrants. Not my money for these pigs.

VANCOUVER, BC / ACCESSWIRE / May 3, 2023 / Lincoln Gold Mining Inc. ("Lincoln" or the "Company") (TSXV:LMG) announces that, subject to regulatory approval, it intends to settle up to $3,007,290 of debt through debt settlement agreements, by issuing $0.17 units (the "Debt Units") of the Company, each Debt Unit being comprised of one common share of the Company and one common share purchase warrant (the "Debt Unit Warrants"), with each Debt Unit Warrant being exercisable for an additional common share of the Company at $0.35 for 36 months.

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