Lincoln Gold Corp.: Private Placement
January 10 2008 - 11:30AM
Marketwired
VANCOUVER, BRITISH COLUMBIA announces that it is completing a
non-brokered private placement of 2,500,000 units at a price of
US$0.20 per unit for total proceeds of US$500,000. Each unit is
comprised of one share of common stock 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 from closing.
The funds will be used for general corporate purposes including
land acquisition and exploration.
LINCOLN GOLD CORP.
Paul F. Saxton, President
The securities being offered in the proposed 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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