No fractional shares will be issued as any fractional share will be rounded to the nearest whole number.
The new CUSIP number will be 53359R205 and the new ISIN number will be CA53359R2054. The Company's name and stock symbol will remain unchanged following the Consolidation.
The Consolidation is subject to final confirmation by the
Shareholders who hold their common shares through a securities broker or other intermediary and do not have common shares registered in their name will not be required to take any measures with respect to the Consolidation. Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders of the Company. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidated common shares to the Company's transfer agent,
Adoption of New Stock Option Plan
The Company is pleased to announce that the shareholders of the Company approved the adoption of a new stock option plan (the 'New Option Plan') at the Company's annual general meeting held on
Further details regarding the New Option Plan are included in the management information circular of the Company that was sent to shareholders of the Company in connection with the Meeting, a copy of which was filed and is available under the Company's profile on SEDAR at www.sedar.com.
Loans
The Company also announces that during 2022 and up to
About Lincoln
Lincoln also owns an interest in a joint venture in respect of the Oro Cruz Gold Property in
Lincoln holds its interests in the US projects through its wholly owned subsidiaries,
Contact:
Tel: (604) 688-7377
Email: saxton@lincolnmining.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements relating to the effective date of the Consolidation, the number of common shares outstanding following the Consolidation, the treatment of fractional shares in the Consolidation, measures to be taken by shareholders with regard to post-consolidated common shares and other statements relating to the Consolidation that are not historical facts. Forward-looking statements are often identified by terms such as 'will', 'may', 'should', 'anticipate', 'expects' and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those relating to the Company's ability to complete the Consolidation, the Company not being able to obtain the Exchange's final confirmation of the Consolidation, the number of post-Consolidation common shares being different from the number set out herein and the treatment of fractional shares in the Consolidation being different from what is set out herein and other risks detailed from time to time in the filings made by the Company with securities regulators.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation, the Company not being able to obtain the Exchange's final confirmation of the Consolidation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update or revise publicly any of the included forward- looking statements unless as expressly required by applicable law.
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