Lincoln Gold Corp.: Private Placement
January 24 2008 - 12:53PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") announces that the
Company has completed a private placement of 2,067,000 units, at a
price of $0.20 per unit for total proceeds of $413,400. The private
placement financing was originally announced by the Company on
January 10, 2008. Each unit consists of one common share and one
half share purchase warrant. Each whole purchase warrant entitles
the purchaser to acquire one additional common share at a price of
$0.25 per share for a period of two years. The securities issued in
the private placement are subject to a four month hold period under
Canadian Securities law expiring May 22, 2008. Finder's fees in
cash were paid to a finder in this offering.
LINCOLN GOLD CORP.
Paul F. Saxton, President
The securities being offered in the private placement have not
been registered under the Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws and may not be
offered or sold in the United States absent registration with the
Securities and Exchange Commission or an applicable exemption from
the registration requirements of the Securities Act.
All statements in this release, other than statements of
historical facts, which address future financing, development and
mining activities of Lincoln Gold Corp. are forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include Lincoln
Gold Corp.'s ability to complete the contemplated private placement
and Lincoln Gold Corp.'s future land acquisition and
exploration.
Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. In addition, Lincoln Gold Corp.'s
business and operations are subject to the risks set forth in
Lincoln Gold Corp.'s most recent Form 10-KSB, Form 10-QSB and other
SEC filings which are available through EDGAR at www.sec.gov. These
are among the primary risks we foresee at the present time. Lincoln
Gold Corp. assumes no obligation to update the forward-looking
statements.
Contacts: Lincoln Gold Corp. Corporate Communications (604)
688-7377 Website: www.lincolngold.com
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