Lincoln Gold Announces Closing of Second Tranche of Private Placement Financing and Provides Corporate Update

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[{"type":"text","content":"Lincoln Gold Announces Closing of Second Tranche of Private Placement Financing and Provides Corporate Update\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, August 14, 2025 –\n \n\n TheNewswire -\n \n\n Lincoln Gold Mining Inc.  (TSX.V: LMG)\n(“Lincoln Gold” or the “Company”)\n \n\n is\npleased to announce that, further to its news releases dated June 5,\n2025, July 9, 2025, and July 16, 2025, the Company has closed the\nsecond tranche (the “\n \n\n Second\nTranche\n \n\n ”) of its previously announced\nnon-brokered private placement financing for gross proceeds of $11,250\nthrough the issuance of 75,000 units of the Company (each, a\n“\n \n\n Unit\n \n\n ”) at a price of $0.15 per Unit (the “\n \n\n Private Placement\n \n\n ”). Following closing of the Second Tranche, the Company\nhas elected to discontinue the balance of the Private\nPlacement.\n \n\n\n\n Each Unit consists of one common share in the capital\nof the Company (a “\n \n\n Common\nShare\n \n\n ”) and one-half of one non-transferable\nCommon Share purchase warrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant entitles the holder to purchase one additional Common Share at\na price of $0.35 for a period of 24 months from the date of issuance\nthereof.\n \n\n\n\n The Company intends to use the proceeds from the Second\nTranche for general administrative expenses.\n \n\n\n\n Paul Saxton\ncomments\n \n\n , “In light of the\nCompany’s upcoming annual general meeting in response to the\nrequisition by certain shareholders, the Company was limited to\nclosing only a small portion of the Private Placement prior to the\nrecord date of July 16, 2025 following objections made by the\nrequisitioning shareholders. With potential investors uncertain as to\nthe future management of the Company, we have elected to proceed with\na limited Second Tranche closing and to discontinue the balance of the\nPrivate Placement.”\n \n\n\n\n All securities issued pursuant to the Second Tranche\nare subject to a hold period of four months and one day from the date\nof issuance in accordance with applicable securities laws. No\nfinder’s fees were paid in connection with the financ...

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