Business
Lincoln Gold Announces Shares for Debt Transaction and Corporate Updates
(TheNewswire) NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIR...
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"Lincoln Gold Announces Shares for Debt Transaction and Corporate Updates\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 NOT\n \n\n FOR\n \n\n DISTRIBUTION\n \n\n TO\n \n\n UNITED\n \n\n STATES\n \n\n NEWSWIRE\n \n\n SERVICES\n \n\n OR FOR DISSEMINATION IN THE UNITED\nSTATES\n \n\n\n\n Vancouver, BC –\n \n\n TheNewswire -\n \n\n November 3, 2025 – Lincoln Gold Mining\nInc. (TSX.V: LMG) (“Lincoln Gold” or the “Company”)\n \n announces that it intends to settle aggregate indebtedness of CDN\n$101,000 owed to an arm’s length creditor (the “\n \n Creditor\n \n ”) through the issuance of\n673,333 units of the Company (the “\n \n Settlement Units\n \n ”) at an issue price of $0.15 per\nSettlement Unit (the “\n \n Debt\nSettlement\n \n ”). Each Settlement Unit will be comprised of one\ncommon share in the capital of the Company (a “\n \n Common Share\n \n ”) and one-half of one\nnon-transferable common share purchase warrant (each whole warrant, a\n“\n \n Warrant\n \n ”). Each Warrant\nwill be exercisable by the Creditor to acquire one Common Share at a\nprice of $0.35 per share for a period of 24 months from the date of\nissuance.\n \n\n The Creditor subscribed in the Company’s non-brokered private\nplacement announced on June 5, 2025, however as a result of the TSX\nVenture Exchange (the “\n \n Exchange\n \n ”) providing conditional approval for only a\nportion of that private placement, the Creditor was unable to\nsubscribe for the full amount which resulted in indebtedness of CDN\n$101,000 owed by the Company to the Creditor.\n \n\n All securities issued under the Debt Settlement will be subject to a\nfour month hold period from the\n \n issue date under applicable Canadian securities laws.  Closing of the\nDebt Settlement remains subject to receipt of Exchange approval.\n \n\n The Company also announces that it will not proceed with its\npreviously announced (August 5, 2025) shares for debt transaction.\n \n\n Further, the Company announces that it has obtained CDN$190,160 in the\nform of an unsecured loan from Ian Rogers, Chair of the Board (the\n“\n \n Loan\n \n ”).   The Loan shall\naccrue interest at a rate of 1% per mont...