New Issue: Lincoln Mining settles C$3.99 million private placement of equity units

By Devika Patel

Knoxville, Tenn., June 3 - Lincoln Mining Corp. said it raised C$3.99 million in a brokered and non-brokered private placement of units. The C$2.65 million brokered portion of the deal, which priced for a total of C$5.5 million on May 12, was conducted via agent Casimir Capital LP on a best-efforts basis.

The company sold a total of 18,133,849 units of one common share and one half-share warrant at C$0.22 per unit. Of the units, 12,045,395 were sold by Casimir.

Each whole warrant is exercisable at C$0.35 for two years.

Proceeds will be used to advance development of the company's mineral properties and for general working capital purposes.

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

Issuer:	Lincoln Mining Corp.
Issue:	Units of one common share and one half-share warrant
Amount:	C$3,989,447
Units:	18,133,849
Price:	C$0.22
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.35
Agent:	Casimir Capital LP (for C$2,649,987), non-brokered (for C$1,339,460)
Pricing date:	May 12
Settlement date:	June 3
Stock symbol:	TSX Venture: LMG
Stock price:	C$0.225 at close May 11
Market capitalization:	C$19.2 million

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