Lincoln Gold and Eros Resources Provide Update on Bell Mountain Gold Project Transaction
Lincoln Gold Mining and Eros Resources have extended the deadline for their Bell Mountain gold project transaction to November 15, 2024. The acquisition, initially agreed upon in November 2023, is still subject to several conditions, including the completion of a Preliminary Economic Assessment (PEA) and final approval from the TSX Venture Exchange. A draft PEA was completed on August 7, 2024, by Welsh Hagen Associates and is currently under review. The transaction involves Lincoln's proposed acquisition of Eros' Bell Mountain gold project in Churchill County, Nevada. Both companies are working towards satisfying the remaining conditions to complete the deal.
Lincoln Gold Mining ed Eros Resources hanno esteso la scadenza per la loro transazione relativa al progetto aurifero Bell Mountain al 15 novembre 2024. L'acquisizione, inizialmente concordata nel novembre 2023, è ancora soggetta a diverse condizioni, inclusa la conclusione di una Valutazione Economica Preliminare (PEA) e l'approvazione finale da parte del TSX Venture Exchange. Una bozza della PEA è stata completata il 7 agosto 2024 da Welsh Hagen Associates ed è attualmente in revisione. La transazione riguarda l'acquisizione proposta da Lincoln del progetto aurifero Bell Mountain di Eros, situato nella contea di Churchill, Nevada. Entrambe le aziende stanno lavorando per soddisfare le condizioni rimanenti per completare l'affare.
Lincoln Gold Mining y Eros Resources han prolongado la fecha límite para su transacción del proyecto de oro Bell Mountain hasta el 15 de noviembre de 2024. La adquisición, acordada inicialmente en noviembre de 2023, sigue sujeta a varias condiciones, incluida la finalización de una Evaluación Económica Preliminar (PEA) y la aprobación final de la TSX Venture Exchange. Un borrador de la PEA fue completado el 7 de agosto de 2024 por Welsh Hagen Associates y actualmente se encuentra bajo revisión. La transacción implica la adquisición propuesta por Lincoln del proyecto de oro Bell Mountain de Eros, ubicado en el condado de Churchill, Nevada. Ambas empresas están trabajando para cumplir con las condiciones restantes para completar el trato.
링컨 골드 마이닝(Lincoln Gold Mining)과 에로스 리소시스(Eros Resources)는 벨 마운틴 금 프로젝트(Bell Mountain gold project) 거래의 마감 기한을 2024년 11월 15일로 연장했습니다. 이 인수는 2023년 11월에 처음 계약되었으며, 예비 경제 평가(PEA) 완료 및 TSX 벤처 거래소의 최종 승인을 포함한 여러 조건을 아직 충족해야 합니다. PEA 초안은 2024년 8월 7일에 웰시 헤이건 어소시에이츠(Welsh Hagen Associates)에 의해 완료되었으며, 현재 검토 중입니다. 이 거래는 링컨이 에로스의 벨 마운틴 금 프로젝트를 인수하려는 제안을 포함하며, 이 프로젝트는 네바다주 처칠 카운티에 위치하고 있습니다. 두 회사는 거래를 완료하기 위해 남아 있는 조건을 충족하기 위해 협력하고 있습니다.
Lincoln Gold Mining et Eros Resources ont prolongé la date limite pour leur transaction concernant le projet aurifère Bell Mountain jusqu'au 15 novembre 2024. L'acquisition, initialement convenue en novembre 2023, est toujours soumise à plusieurs conditions, notamment l'achèvement d'une Évaluation Économique Préliminaire (PEA) et l'approbation finale de la TSX Venture Exchange. Un projet de PEA a été achevé le 7 août 2024 par Welsh Hagen Associates et est actuellement en cours de révision. La transaction concerne l'acquisition proposée par Lincoln du projet aurifère Bell Mountain d'Eros situé dans le comté de Churchill, Nevada. Les deux entreprises travaillent à satisfaire les conditions restantes pour finaliser l'accord.
Lincoln Gold Mining und Eros Resources haben die Frist für ihre Transaktion des Bell Mountain Goldprojekts auf den 15. November 2024 verlängert. Der ursprünglich im November 2023 vereinbarte Erwerb unterliegt weiterhin mehreren Bedingungen, darunter der Abschluss einer Vorläufigen Wirtschaftlichkeitsanalyse (PEA) und die endgültige Genehmigung durch die TSX Venture Exchange. Ein Entwurf der PEA wurde am 7. August 2024 von Welsh Hagen Associates fertiggestellt und befindet sich derzeit in Prüfung. Die Transaktion betrifft den geplanten Erwerb des Bell Mountain Goldprojekts von Eros durch Lincoln, das sich im Churchill County, Nevada befindet. Beide Unternehmen arbeiten daran, die verbleibenden Bedingungen zu erfüllen, um den Deal abzuschließen.
- Draft Preliminary Economic Assessment (PEA) for the Bell Mountain gold project completed on August 7, 2024
- Transaction deadline extended multiple times, now to November 15, 2024
- Transaction still subject to several conditions, including TSX Venture Exchange approval
VANCOUVER, BC / ACCESSWIRE / August 16, 2024 / Lincoln Gold Mining Inc. ("Lincoln") (TSXV:LMG) and Eros Resources Corp. ("Eros") announce that Lincoln and Eros continue to work towards satisfying the remaining conditions to completing Lincoln's proposed acquisition of Eros' Bell Mountain gold project, located in Churchill County, Nevada (the "Transaction").
The Transaction is governed by a purchase agreement dated November 3, 2023, as amended on January 8, 2024, March 15, 2024, May 31, 2024 and August 15, 2024 between Lincoln, Lincoln Resource Group Corp. (a wholly-owned subsidiary of Lincoln), Eros, and Bell Mountain Exploration Corp. (a wholly-owned subsidiary of Eros). Pursuant to the amending agreement dated August 15, 2024, the parties have agreed to extend the outside date of the Transaction to November 15, 2024.
Completion of the Transaction remains subject to a number of conditions, including the preparation of a Preliminary Economic Assessment (the "PEA") for the Bell Mountain gold project, a financial plan which outlines Lincoln's anticipated expenses in the first six months following closing of the Transaction and final approval of the TSX Venture Exchange. Welsh Hagen Associates completed a draft PEA on August 7, 2024, which is currently under review by Lincoln and Eros.
For comprehensive details on the Transaction, please refer to Lincoln's news releases dated August 10, 2023, October 27, 2023, November 6, 2023, January 5, 2024, March 15, 2024 and May 14, 2024, available on SEDAR+ at www.sedarplus.ca, or www.lincolnmining.com and Eros' news releases dated August 10, 2023, November 12, 2023 and May 6, 2024, available on SEDAR+ at www.sedarplus.ca, or www.erosresourcescorp.com.
About Lincoln
Lincoln Gold Mining Inc. is an advanced-stage gold mine exploration and development company holding a
About Eros
Eros Resources Corp. is a Canadian public company listed on the Toronto Venture Exchange. The Company's business objective is the identification, acquisition, and exploration of advanced-stage projects with a North American focus. In addition, the Company plans to make strategic investments with a global focus on a diverse commodity base. Eros management's expertise supports this strategy.
For further information, please contact:
Paul Saxton
President and CEO, Lincoln Gold Mining Inc.
Tel: (604) 688-7377
Email: saxton@lincolnmining.com
EROS Resources Corp.
Tom MacNeill
President and Chief Executive Officer
Phone: 306-653-2692
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Lincoln Gold Mining Inc.
View the original press release on accesswire.com
FAQ
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