Business
Lincoln Gold Announces Closing of Shares for Debt Transaction and Issuance of Convertible Note Units
Lincoln Gold Announces Closing of Shares for Debt Transaction and Issuance of Convertible Note Un...
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"\n\n\nLincoln Gold Announces Closing of Shares for Debt Transaction and Issuance of Convertible Note Units\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nVANCOUVER, BC, Dec. 17, 2025 /CNW/ - Lincoln Gold Mining Inc. (TSXV: LMG) (\"Lincoln Gold\" or the \"Company\") is pleased to announce that, further to its press release dated November 3, 2025, the Company has settled aggregate indebtedness of CDN$101,000 owed to an arm's length creditor (the \"Creditor\") through the issuance of 673,333 units of the Company (the \"Settlement Units\") at an issue price of CDN$0.15 per Settlement Unit (the \"Debt Settlement\"). Each Settlement Unit is comprised of one common share in the capital of the Company (a \"Common Share\") and one-half of one non-transferable common share purchase warrant (each whole warrant, a \"Settlement Warrant\"). Each Settlement Warrant is exercisable by the Creditor to acquire one Common Share at a price of CDN$0.35 for a period of 24 months from the date of issuance.\nAdditionally, the Company announces that, further to its press releases dated November 10, 2025 and November 26, 2025, the Company has closed on its private placement of CDN$850,000 principal amount (the \"Principal\") of convertible note units (the \"Note Units\") to Ian Rogers (the \"Private Placement\"). Each Note Unit is comprised of one unsecured convertible debenture of the Company (each, a \"Note\"), and such number of Common Share purchase warrants in the capital of the Company (the \"Warrants\") equal to the Principal divided by the Conversion Price (as hereinafter defined), being 4,250,000 Warrants.\nThe Debt Settlement and Private Placement remain subject to final approval from the Exchange.\nOf the 4,250,000 Warrants, 1,000,000 Warrants are exercisable at an exercise price of CDN$0.20 per Warrant and the remaining 3,250,000 are exercisable at an exercise price of CDN$0.30 per Warrant. Each Warrant is exercisable into o...