Lincoln Gold hoping to close second tranche on Aug. 11

Executive Summary

• Lincoln Gold Mining Inc. plans to close a second tranche of its non‑brokered private placement on or after Aug. 11, 2025, seeking up to $1,014,400 in gross proceeds.
• The tranche will consist of 6,762,666 units priced at $0.15 per unit, each unit containing one common share and half a non‑transferable warrant (full warrant allows purchase of an additional share at $0.35 for 24 months).
• Proceeds are earmarked for general administrative expenses and to advance the Bell Mountain project toward production and complete permitting for the Pine Grove project.

Key Details

• Units Offered: 6,762,666 units @ $0.15 per unit → up to $1,014,400 gross proceeds.
• Unit Composition: 1 common share + ½ non‑transferable common share purchase warrant.
• Warrant Terms: Each full warrant permits purchase of one additional common share at $0.35; exercisable for 24 months from issuance.
• Closing Date: Intended on Aug. 11, 2025 (or later at company’s discretion).
• Use of Proceeds: General administrative expenses; funding Bell Mountain production ramp‑up and Pine Grove permitting completion.
• Hold Period: Securities subject to a 4‑month‑plus‑1‑day hold period per securities law.
• Finders’ Fees: May be payable in cash, common shares, warrants, or combinations thereof.
• Regulatory Approval: Tranche remains contingent on final approval by the TSX Venture Exchange.

Notable Quotes

“The company intends to use the proceeds from the second tranche for general administrative expenses while moving toward the company's goals of bringing the Bell Mountain project into production and completing the production permitting at the Pine Grove project.” – Paul Saxton, President & CEO.