This update follows the Company's news releases dated
The Transaction is governed by a purchase agreement dated
To ensure the parties have adequate time to satisfy the remaining TSXV requirements and obtain final approval, the parties have extended the outside date to complete the Transaction to
The Company is to fulfill specific conditions to secure final approval from the TSXV. These conditions include providing the TSXV with an updated Preliminary Economic Assessment (the 'PEA') for the
In order for the Company to satisfy the outstanding requirements of the TSXV, Lincoln intends to launch a private placement offering in the near future. Further details regarding the private placement will be disclosed in a subsequent announcement.
For comprehensive details on the Transaction, please refer to the Company's prior News Releases, available on SEDAR+ at www.sedarplus.ca, or www.lincolnmining.com.
About Lincoln
Contact:
President and CEO
Tel: (604) 688-7377
Email: saxton@lincolnmining.com
Forward-Looking Information
This press release contains 'forward-looking information' within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. 'Forward-looking information' includes statements that use forward-looking terminology such as 'may', 'will', 'expect', 'anticipate', 'believe', 'continue', 'potential' or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, statements relating to the Company's expectation that the Transaction will close, that the parties will satisfy the TSXV's requirements to close the Transaction, that the Company anticipates that the Transaction will receive final TSXV acceptance and that the Company will launch a private placement in the future..
Forward-looking statements involve risks and uncertainties and 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 expectation that the Transaction will be completed, the failure to obtain approval of the Transaction from the TSXV, the inability for the parties to meet each requirement of the TSXV to close the Transaction, the expectation that the TSXV will not impose further conditions, the expectation that the Company will launch a private placement, 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 complete the Transaction within an acceptable timeline, the risk that the Company may not obtain approval of the TSXV or other necessary regulatory approval of the Transaction, the risk that the Company will not be able to launch and complete the private placement as currently expected, the risk the parties will not fulfil the TSXV conditions to close the Transaction, and general market conditions. 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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