By Devika Patel
Knoxville, Tenn., May 15 - Lincoln Gold Corp. said it arranged a $1.5 million private placement of units.
The company sold 10 million units at $0.15 apiece.
Each unit is comprised of one common share and one warrant. Each warrant is exercisable at $0.25 for two years.
Based in Vancouver, B.C., Lincoln Gold is a mineral exploration company.
| Issuer: | Lincoln Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1.5 million
|
| Units: | 10 million
|
| Price: | $0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.25
|
| Pricing date: | May 15
|
| Stock symbol: | OTCBB: LGCPF
|
| Stock price: | $0.14 at close May 15
|
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