Suche
 
Folgen Sie uns auf:

Lincoln Gold Mining Inc. Provides Acquisition Update and Prepares To Announce Private Placement

15.03.2024  |  Accesswire

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, March 15, 2024 - Lincoln Gold Mining Inc. ("Lincoln" or the "Company") (TSXV:LMG) is pleased to provide an update on its previously announced acquisition of the assets comprising the Bell Mountain Project located in Churchill County, Nevada (the "Transaction"). This update follows the Company's news releases dated August 10, 2023, October 27, 2023, November 6, 2023, January 5, 2024, and March 15, 2024 (the "News Releases") pertaining to the Transaction.

The Transaction is governed by a purchase agreement dated November 3, 2023, as amended on January 8, 2024, and March 15, 2024, between Lincoln Resource Group Corp., a wholly-owned subsidiary of the Company, Eros Resources Corp. ("Eros"), and Bell Mountain Exploration Corp., a wholly-owned subsidiary of Eros. The Company received conditional acceptance to complete the Transaction from the TSX Venture Exchange (the "TSXV") on November 24, 2023.

To ensure the parties have adequate time to satisfy the remaining TSXV requirements and obtain final approval, the parties have extended the outside date to complete the Transaction to May 31, 2024.

The Company is to fulfill specific conditions to secure final approval from the TSXV. These conditions include providing the TSXV with an updated Preliminary Economic Assessment (the "PEA") for the Bell Mountain Project and a financial plan which outlines the Company's anticipated expenses in the first six months following closing of the Transaction.

In order for the Company to satisfy the outstanding requirements of the TSXV, Lincoln intends to launch a private placement offering in the near future. Further details regarding the private placement will be disclosed in a subsequent announcement.

For comprehensive details on the Transaction, please refer to the Company's prior News Releases, available on SEDAR+ at www.sedarplus.ca, or www.lincolnmining.com.

About Lincoln

Lincoln Gold Mining Inc. is an advanced-stage gold mine exploration and development company holding a 100% interest in the Pine Grove Gold Project, in the Walker Lane structural zone of western Nevada. The Company has prepared a preliminary economic assessment of the Pine Grove Gold Project pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Lincoln holds its interests in the US projects through its wholly owned subsidiaries,

Lincoln Resource Group Corp. and Lincoln Gold US Corporation are both Nevada corporations. For more information, please contact Paul Saxton, President and CEO of the Company.

On behalf of Lincoln Gold Mining Inc.
Paul Saxton
President and CEO, Lincoln Gold Mining Inc.
Tel: (604) 688-7377
Email: saxton@lincolnmining.com

Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, statements relating to the Company's expectation that the Transaction will close, that the parties will satisfy the TSXV's requirements to close the Transaction, that the Company anticipates that the Transaction will receive final TSXV acceptance and that the Company will launch a private placement in the future..

Forward-looking statements involve risks and uncertainties and there can be no assurance that such statements 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 expectations include those relating to the Company's expectation that the Transaction will be completed, the failure to obtain approval of the Transaction from the TSXV, the inability for the parties to meet each requirement of the TSXV to close the Transaction, the expectation that the TSXV will not impose further conditions, the expectation that the Company will launch a private placement, and other risks detailed from time to time in the filings made by the Company with securities regulators.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation, the Company not being able to complete the Transaction within an acceptable timeline, the risk that the Company may not obtain approval of the TSXV or other necessary regulatory approval of the Transaction, the risk that the Company will not be able to launch and complete the private placement as currently expected, the risk the parties will not fulfil the TSXV conditions to close the Transaction, and general market conditions. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update or revise publicly any of the included forward- looking statements unless as expressly required by applicable law.

SOURCE: Lincoln Gold Mining Inc.



View the original press release on accesswire.com


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Lincoln Gold Mining Inc.
Bergbau
A3D47M
CA53359R2054
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"