Lincoln Gold Mining Inc. announced a non-brokered private placement of up to 5,000,000 units of the company at a price of CAD 0.08 per unit for a raise gross proceeds of up to CAD 400,000 and 3,000,000 flow through shares at a price of CAD 0.10 per flow through share for gross proceeds of CAD 300,000; aggregate gross proceeds of CAD 700,000 on April 21, 2022. Each unit will consist of one common share and one half of one common share purchase warrant. Each warrant will entitle the holder, on exercise thereof, to purchase one additional common share at a price of CAD 0.18 for a period of 24 months from the closing of the transaction.

The company will pay finders' fee of up to 7% of the proceeds raised and 7% of the total number of Units or flow through shares sold in the transaction. The closing of the transaction is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.

The transaction may include participation from certain insiders of the company.