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LMG Lincoln Gold Mining Inc

0.245
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lincoln Gold Mining Inc TSXV:LMG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.245 0.24 0.25 0 01:00:00

US Regulators Extend Deadline for Procon Divestment-Lincoln Engages Pricewaterhouse Coopers

23/10/2013 1:06am

Marketwired Canada


Lincoln Mining Corporation, (TSX VENTURE:LMG) ("Lincoln" or the "Company")
announces that further to its news release dated June 18, 2013 whereby Lincoln
and Procon Mining and Tunneling Ltd. and its affiliates (collectively, "Procon")
committed to the divestment of Procon's interest in Lincoln within 120 days of
the Order ("Order")issued by the Committee on Foreign Investment in the Unites
States' ("CFIUS"), the Company and Procon have received an extension to the 120
day divestment deadline until December 13, 2013, subject to the terms and
conditions imposed by CFIUS under the Order.


The Company also reports that it has engaged PricewaterhouseCoopers Corporate
Finance Inc. ("PwC"), on a non-exclusive basis, as an advisor to assist the
Company in seeking financing options.  PwC has also been engaged by Procon to
assist in the divestiture of its investment in Lincoln.


Lincoln Mining Corp. is a Canadian precious metals exploration and development
company with several projects in various stages of exploration and development
which include the Pine Grove and Bell Mountain gold properties in Nevada, the
Oro Cruz gold property in California and the La Bufa gold-silver property in
Mexico. In the United States, the Company operates under Lincoln Gold US Corp.
and Lincoln Resource Group Corp. both Nevada corporations. The Company's United
States operations remain subject to an order issued by the Committee on Foreign
Investment in the United States, as disclosed in the Company's news release
dated June 18, 2013.    


On behalf of Lincoln Mining Corporation  

Paul Saxton, President & CEO 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This press release includes forward-looking statements or information. All
statements other than statements of historical fact included in this release,
including without limitation, statements regarding the potential financing and
development of Lincoln's properties, and other future plans, objectives or
expectations of the Company, involve various risks and uncertainties. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to actual exploration results,
impairment or loss of the Company's rights in respect of the properties;
availability of capital and financing, general economic, market or business
conditions, timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the Company with
securities regulators. The Company makes all reasonable efforts to update its
corporate material on a timely basis. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lincoln Mining Corporation
Investor Relations
604-688-7377
www.lincolnmining.com

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