Lincoln Gold receives demand to repay loan

Executive Summary

• Lincoln Gold Mining Inc. received a joint notice from arm’s‑length creditors indicating they may demand repayment of approximately $1 million of indebtedness if not satisfied by 5:30 p.m. PT on Aug. 18, 2025.
• The notice also warns that any major change to the board or management after the Aug. 15, 2025 annual general meeting could trigger further creditor actions.
• Management is pursuing a proposed shares‑for‑debt settlement (announced Aug. 5, 2025) and will continue negotiations while seeking TSX Venture Exchange approval.

Key Details

• Creditor Notice: Joint notice from multiple arm’s‑length creditors demanding repayment of all indebtedness or other protective actions.
• Outstanding Debt Amount: Approximately $1 million.
• Repayment Deadline: 5:30 p.m. PT on Aug. 18, 2025.
• Trigger Events: If the debt remains unpaid and a “major change” to the board of directors or management occurs after the Aug. 15, 2025 AGM, creditors may take additional actions.
• Management Response: Ongoing engagement with creditors; steps taken to reduce debt, including a proposed shares‑for‑debt transaction.
• Shares‑for‑Debt Transaction: Previously announced on Aug. 5, 2025; closing subject to TSX Venture Exchange approval.
• Potential Impact: Could affect company’s capital structure, governance stability, and ability to continue operations if not resolved.

Notable Quotes

(No direct quotes were provided in the release.)