Business
Lincoln Mining Announces Proposed Private Placement of up to $700,000
VANCOUVER, BC--(Marketwired - July 04, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Lincoln Mining Corp
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - July 04, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Lincoln Mining Corporation, (TSX VENTURE: LMG) (\"Lincoln\" or the \"Company\") announces its plans to conduct a non-brokered private placement of up to 7,000,000 units at a price of $0.10 per unit (\"Units\") for total proceeds of up to $700,000 (the \"Offering\"). Each Unit will be comprised of one common share of the Company and one half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.12 for a period of 2 years after the closing of the Offering. Finders' fees may be payable in connection with the Offering and those qualified persons involved as finders will receive a cash fee of up to 7% of the proceeds raised and non-transferable warrants (having the same terms as the warrants forming part of the Units) of up to 7% of the total number of Units sold. All securities issued under the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including from the TSX Venture Exchange. Lincoln intends to use the proceeds raised from the private placement for general working capital. Lincoln Mining Corp. is a Canadian precious metals exploration and development company with two projects in various stages of exploration and development, which include the Pine Grove gold property in Nevada and the Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both Nevada corporations. On behalf of Lincoln Mining Corporation Paul Saxton, President & CEO 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. THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATI...