Mr. Paul Saxton reports
LINCOLN TO SETTLE DEBT REPORTS
Subject to regulatory approval, Lincoln Gold Mining Inc. intends to settle up to $3,007,290 of debt through debt settlement agreements, by issuing 17-cent units of the company, each debt unit comprising one common share of the company and one common share purchase warrant, with each debt unit warrant being exercisable for an additional common share of the company at 35 cents for 36 months.
About Lincoln Gold Mining Inc.
Lincoln Gold is an advanced-stage gold mine exploration and development company holding a 100-per-cent 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 U.S. projects through its wholly owned subsidiaries, Lincoln Resource Group Corp. and Lincoln Gold U.S. Corp., both Nevada corporations.
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