New Issue: Lincoln Mining completes merger, C$4.97 million placement of units

By Devika Patel

Knoxville, Tenn., Aug. 18 - Lincoln Mining Corp. announced it completed a C$4.97 million private placement of units. The company was formed from a merger between LPT Capital Ltd. and Lincoln Gold Corp.; the merger also settled Tuesday.

In the placement, the company sold 29,255,057 units at C$0.17 apiece. Each unit consists of one post-consolidated common share and a half-share warrant, with each whole warrant exercisable at C$0.25 until Aug. 18, 2011.

Based in Vancouver, B.C., Lincoln Mining is a capital pool company.

Issuer:	Lincoln Mining Corp.
Issue:	Units of one post-consolidated common share and a half-share warrant
Amount:	C$4,973,360
Units:	29,255,057
Price:	C$0.17
Warrants:	One half-share warrant per unit
Warrant expiration:	Aug. 18, 2011
Warrant strike price:	C$0.25
Settlement date:	Aug. 18
Stock symbol:	TSX Venture: LMG.P
Stock price:	C$0.225 at close Aug. 18
Market capitalization:	C$1.35 million

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.