15 June 2021securities registration● Neutral
Lincoln Gold Mining Inc. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 May 2017securities registration● Neutral
Lincoln Gold Mining Inc. filed notice of an exempt private placement.
31 Oct 2012securities registration● Neutral
Lincoln Gold Mining Inc. filed notice of an exempt private placement.
3 Jan 2012securities registration● Neutral
Lincoln Gold Mining Inc. amended a filing by which it filed notice of an exempt private placement.
3 Jan 2012securities registration● Neutral
Lincoln Gold Mining Inc. filed notice of an exempt private placement.
20 June 2011securities registration● Neutral
Lincoln Gold Mining Inc. filed notice of an exempt private placement.
15 June 2010securities registration● Neutral
Lincoln Gold Mining Inc. filed notice of an exempt private placement.
9 Sept 2009substantial holder notice● Neutral
Sprott Asset Management LP, Sprott Canadian Equity Fund disclosed a new substantial Lincoln Gold Mining Inc. shareholding (14.40% of votes).
8 Sept 2009listing compliance notice● NeutralMajor
Lincoln Mining Corporation, the successor, filed to end its US reporting duties as a foreign private issuer. It says it acquired all shares of Lincoln Gold on about August 18, 2009 through a plan of arrangement under British Columbia law, with Lincoln Gold shareholders receiving its shares, and that the shares have been listed on the TSX Venture Exchange since May 15, 2007 with no US trading volume in the past year. Shareholders keep their shares, now in the successor, which will publish information on SEDAR instead of filing with the SEC. This shows the Nevada-to-Canada continuation was replaced by a different route (a plan of arrangement) and a new company name.
10 Jan 2008capital raising announcement▲ Good
Lincoln Gold announced it is completing a non-brokered private placement of 2,500,000 units at US$0.20 per unit for US$500,000, double the US$0.10 price of the May and August 2007 placements. The filing does not say what the units include or what the money is for, and says the company has not yet decided whether it qualifies as a foreign private issuer.
What it means for a shareholder
2.5m new shares at US$0.200 to raise about US$500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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21 Nov 2007auditor change● Neutral
Lincoln Gold dismissed its auditor Manning Elliott LLP effective November 15, 2007 and hired Davidson & Company LLP, with board approval. The filing states Manning Elliott's report on the 2006 and 2005 accounts had no adverse opinion but did carry a going-concern doubt, and that there were no disagreements with the auditor.
24 Oct 2007securities registration● Neutral
Lincoln Gold Mining Inc. filed the final prospectus for a registered offering.
23 Oct 2007business combination● Neutral
Lincoln Gold filed a short registration statement adding 4,250,000 shares to the continuation registration, and states the original registration was declared effective by the SEC on October 19, 2007. It reports 51,391,666 shares outstanding as of October 12, 2007, up from 47,141,666, which matches the 4,250,000 units issued in the August 2007 placement (an inference from the matching numbers). The continuation vote itself is not yet reported as held.
18 Oct 2007business combination● Neutral
Lincoln Gold filed Amendment No. 2 to its Nevada-to-Canada continuation registration statement solely to add the audited financial statements for the year ended December 31, 2006, the unaudited statements for the period ended June 30, 2007, and the form of by-laws, which were left out of Amendment No. 1. The filing says there are no other changes, so the one-for-one share exchange of 47,141,666 shares and the blank meeting date are unchanged and the vote is still pending.
10 Oct 2007business combination● Neutral
Lincoln Gold filed Amendment No. 1 to its Nevada-to-Canada continuation registration statement, with the same one-for-one share exchange and the meeting date still blank. The property list now shows four groups (Hannah, JDS, Pine Grove in Yerington, Nevada, and La Bufa in Mexico), where the original filing showed three, so Pine Grove is newly listed; the filing excerpt does not explain how it was acquired.
28 Sept 2007director interest notice● Neutral
Lincoln Gold Mining Inc. director Andrew Milligan received a stock option grant for 300,000 shares.
27 Sept 2007director interest notice● Neutral
Lincoln Gold Mining Inc. director James Chapman received a stock option grant for 300,000 shares.
27 Sept 2007director interest notice● Neutral
Lincoln Gold Mining Inc. director Andrew Bowering received a stock option grant for 300,000 shares.
27 Sept 2007director interest notice● Neutral
Lincoln Gold Mining Inc. CEO CFO Pres. Sec. & Treasurer Paul F Saxton received a stock option grant for 600,000 shares.
11 Sept 2007business combination● NeutralMajor
Lincoln Gold filed a registration statement and proxy to ask shareholders to vote on moving its incorporation from Nevada to Canada (under the Canada Business Corporations Act), with shares exchanged one-for-one for the 47,141,666 outstanding as of August 15, 2007. The filing says operations will not be materially affected, officers and directors holding about 19.5% intend to vote in favour, and dissenters' appraisal rights are not available; it names the TSX Venture Exchange as the proposed trading market. Meeting date is blank, so this is a proposal, not yet approved.
28 Aug 2007capital raising announcement● Neutral
Lincoln Gold closed another private placement on August 23, 2007: 4,250,000 units at US$0.10 to 16 investors for US$425,000 (2,700,000 units for $270,000 under Regulation S and 1,550,000 units for $155,000 under Regulation D), with no commissions. Each unit carries a two-year warrant at US$0.15, adding to dilution at the same price as the May 2007 raise.
What it means for a shareholder
4.3m new shares at US$0.100 to raise about US$425,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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15 Aug 2007late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.
18 May 2007capital raising announcement● Neutral
Lincoln Gold completed a private placement on May 14, 2007 of 3,275,000 units at US$0.10 each with 25 investors, raising US$327,500 (commissions of $19,425). Each unit has one share and a warrant to buy another share at US$0.15 within two years, so existing shareholders are diluted; this is far below the $0.30 per unit price of the 2004-2005 financings.
What it means for a shareholder
3.3m new shares at US$0.100 to raise about US$327,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 May 2007late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.
18 Apr 2007capital raising announcement● NeutralMajor
Lincoln Gold signed an option agreement with Almaden Minerals on April 12, 2007 to earn a 60% interest in the La Bufa Property in Chihuahua, Mexico, by spending US$3,500,000 on work over four years (US$500,000 in year one is a firm commitment) and issuing 1,550,000 shares to Almaden; 150,000 shares have already been issued. It replaces the August 8, 2005 letter of intent (51% for US$2.0 million over 4 years, under which 130,000 shares were issued), and Lincoln can terminate on 30 days' notice.
17 July 2006securities registration● Neutral
Lincoln Gold Mining Inc. filed the final prospectus for a registered offering.
9 May 2006securities registration● Neutral
Lincoln Gold Mining Inc. filed the final prospectus for a registered offering.
14 Apr 2006securities registration● Neutral
Lincoln Gold Mining Inc. amended a filing by which it registered a small-business securities offering with the SEC.
23 Feb 2006director interest notice● Neutral
Andrew Bowering became a Lincoln Gold Mining Inc. director and company insider (initial ownership filing).
16 Feb 2006securities registration● Neutral
Lincoln Gold Mining Inc. amended a filing by which it registered a small-business securities offering with the SEC.