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Off-market insider buying at Lincoln Mining (V:LMG)

Updated Friday Apr 28, 2017 01:17 AM EDT

Palisade Global Investments Ltd., a 10% Holder, acquired 4,400,000 Common Shares on a direct ownership basis at a price of $0.051 through a prospectus or prospectus exempt offering on April 26th, 2017. The insider also acquired 4,400,000 Warrants with an exercise price of $0.080 until April 26, 2022. This represents a $222,640 investment into the company's shares and an account share holdings change of greater than 100%.

Lincoln Mining is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Lincoln Mining Corporation (Lincoln) is a precious metals exploration and development company. The Company operates in a segment, being the acquisition, exploration and evaluation of mineral properties. The Company has approximately two projects in various stages of exploration, which include the Pine Grove property and the Oro Cruz gold property. The Pine Grove property is as an exploration-stage gold project. The Pine Grove project lies approximately 20 miles south of Yerington, in the Pine Grove Hills, Lyon County, Nevada. The Company has mining leases on the Wilson and Wheeler mines (patented claims) and over 240 unpatented claims owned directly by Lincoln. The Oro Cruz property is a pre-development stage gold project. The Oro Cruz property is located in the Tumco Mining District of southeastern California. The Oro Cruz project consists of approximately 150 lode claims covering over 3,000 acres. Its subsidiaries include Lincoln Gold US Corp and Lincoln Resource Group Corp. Lincoln Mining Corporation (LMG) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $222,640.

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Go to Lincoln Gold Mining Inc. (LMG)'s company page

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