Lincoln Gold Secures $300,000 in Early Warrant Exercises
Lincoln Gold Mining Inc. (TSXV:LMG) has announced that investors have exercised 857,143 warrants priced at $0.35, resulting in proceeds of $300,000. The company still has 10,809,425 warrants outstanding, priced at $0.35 and $0.50, expiring in 2025 and 2026. The funds will be used to develop the Pine Grove gold project, including a planned geophysical flyover to guide future drill programs.
CEO Paul Saxton stated that this exercise reflects confidence in Lincoln's strategy. The company is also working on closing the Bell Mountain acquisition. The aggregate value of outstanding warrants exceeds $4,000,000, potentially providing future funding without immediate external financing needs.
Lincoln Gold Mining Inc. (TSXV:LMG) ha annunciato che gli investitori hanno esercitato 857.143 warrant a un prezzo di $0,35, con conseguenti proventi di $300.000. L'azienda ha ancora 10.809.425 warrant in circolazione, a un prezzo di $0,35 e $0,50, in scadenza nel 2025 e nel 2026. I fondi saranno utilizzati per sviluppare il progetto aurifero di Pine Grove, compreso un volo geofisico pianificato per guidare i futuri programmi di perforazione.
Il CEO Paul Saxton ha dichiarato che questo esercizio riflette fiducia nella strategia di Lincoln. L'azienda sta anche lavorando per chiudere l'acquisizione di Bell Mountain. Il valore complessivo dei warrant in circolazione supera i $4.000.000, fornendo potenzialmente finanziamenti futuri senza necessità immediate di finanziamenti esterni.
Lincoln Gold Mining Inc. (TSXV:LMG) ha anunciado que los inversionistas han ejercido 857,143 garantías a un precio de $0.35, lo que resultó en ingresos de $300,000. La empresa aún tiene 10,809,425 garantías pendientes, con precios de $0.35 y $0.50, que expiran en 2025 y 2026. Los fondos se utilizarán para desarrollar el proyecto de oro de Pine Grove, incluida una sobrevuelo geofísico planificado para guiar futuros programas de perforación.
El CEO Paul Saxton declaró que este ejercicio refleja la confianza en la estrategia de Lincoln. La empresa también está trabajando en cerrar la adquisición de Bell Mountain. El valor total de las garantías pendientes supera los $4,000,000, lo que podría proporcionar financiamiento futuro sin necesidad inmediata de financiamiento externo.
링컨 골드 마이닝 주식회사 (TSXV:LMG)는 투자자들이 $0.35에 가격이 책정된 857,143개의 워런트를 행사하여 $300,000의 수익을 창출했다고 발표했습니다. 회사는 여전히 2025년과 2026년에 만료되는 $0.35 및 $0.50 가격의 10,809,425개의 워런트가 남아 있습니다. 이 자금은 파인 그로브 금 프로젝트 개발에 사용될 것입니다, 향후 드릴 프로그램을 안내하기 위한 지구물리학적 비행 계획을 포함합니다.
CEO 폴 색스턴은 이 행사가 링컨의 전략에 대한 신뢰를 반영한다고 밝혔습니다. 회사는 또한 벨 마운틴 인수 마감 작업을 하고 있습니다. 발행된 워런트의 총 가치는 $4,000,000를 초과합니다, 이는 즉각적인 외부 자금 조달 필요 없이 미래 자금을 제공할 수 있습니다.
Lincoln Gold Mining Inc. (TSXV:LMG) a annoncé que les investisseurs ont exercé 857.143 bons de souscription au prix de $0,35, représentant des recettes de $300.000. L'entreprise a encore 10.809.425 bons de souscription en circulation, au prix de $0,35 et $0,50, expirant en 2025 et 2026. Les fonds seront utilisés pour développer le projet aurifère de Pine Grove, y compris un survol géophysique prévu pour guider les futurs programmes de forage.
Le PDG Paul Saxton a déclaré que cet exercice reflète la confiance dans la stratégie de Lincoln. L'entreprise travaille également à finaliser l'acquisition de Bell Mountain. La valeur totale des bons de souscription en circulation dépasse $4.000.000, offrant potentiellement un financement futur sans besoin immédiat de financement externe.
Lincoln Gold Mining Inc. (TSXV:LMG) hat angekündigt, dass Investoren 857.143 Warrants zu einem Preis von $0,35 ausgeübt haben, was zu Einnahmen von $300.000 geführt hat. Das Unternehmen hat weiterhin 10.809.425 Warrants ausstehend, die zu Preisen von $0,35 und $0,50 zwischen 2025 und 2026 auslaufen. Die Mittel werden verwendet, um das Goldprojekt Pine Grove zu entwickeln, einschließlich eines geplanten geophysikalischen Überflugs zur Anleitung zukünftiger Bohrprogramme.
CEO Paul Saxton erklärte, dass diese Ausübung Vertrauen in die Strategie von Lincoln widerspiegelt. Das Unternehmen arbeitet auch daran, die Übernahme von Bell Mountain abzuschließen. Der Gesamtwert der ausstehenden Warrants übersteigt $4.000.000, was potenziell zukünftige Finanzierungen ohne unmittelbaren externen Finanzierungsbedarf bereitstellen kann.
- Raised $300,000 through early warrant exercises
- Plans to conduct geophysical flyover for Pine Grove gold project
- Potential for additional $4,000,000 in funding from outstanding warrants
- Progress towards closing Bell Mountain acquisition
- None.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / September 11, 2024 / Lincoln Gold Mining Inc. (TSXV:LMG) ("Lincoln Gold" or the "Company") is pleased to announce that 857,143 warrants have been exercised by certain investors as a result of positive developments in the Company's recent activities. The warrants were priced at
Lincoln Gold plans to use these funds to further develop the Pine Grove gold project. As a part of this development, Lincoln is preparing to initiate a geophysical flyover in the near future and is currently reviewing proposals from several companies for this important work. The information gained from this airborne geophysical work will help the Company's geologists formulate drill programs for the specific rock types at depth that are known to host gold mineralization. This work represents an important step in advancing the Pine Grove project toward its full potential.
Paul Saxton, President and CEO of Lincoln Gold Mining Inc., stated, "The exercise of these warrants reflects strong confidence in Lincoln's vision and strategy. This funding will be instrumental in advancing Pine Grove, our flagship gold project. While we are working to complete the necessary steps with the TSXV to close the Bell Mountain acquisition, we remain focused on driving progress at Pine Grove. In addition, the aggregate value of the outstanding warrants exceeds
Lincoln Gold is committed to advancing its strategy to achieve near-term gold production and maximize value for its shareholders.
About Lincoln Gold Mining Inc.:
Lincoln is a Canadian precious metals exploration and development company headquartered in Vancouver, BC. Lincoln holds
For further information, please contact:
Lincoln Gold Mining Inc.
Paul Saxton, President and Chief Executive Officer
Phone: 604-688-7377
Email: saxton@lincolnmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including expectations regarding the Company's use of the proceeds from the exercise of the warrants, impact of the funding on the Company's business and impact of the geophysical on the Company's exploration and development programs.
Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will use the proceeds from exercise of the warrants as anticipated by management and that the geophysical work will have the intended impact on the Company's drill programs.
Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks that the Company is not able to use the proceeds from the exercise of the warrants as anticipated by management, and risks that the proposed geophysical work will not have the intended impact as anticipated by management.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
SOURCE: Lincoln Gold Mining Inc.
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