Lincoln Mining Restructures with a Focus on Advancing Pine Grove Gold Project in Nevada Towards Production
Suite 400 – 789 West Pender Street
Vancouver, BC V6C 1H2
Tel: 604-688-7377
Fax: 604-688-7307
Web: www.lincolnmining.com
Lincoln Mining Restructures with a Focus on Advancing
Pine Grove Gold Project in Nevada Towards Production
VANOUVER, BC – September 20, 2019. Lincoln Mining Corporation (“Lincoln” or the “Company”)
(TSXV: LMG) reports that it is contemplating both a name change (“Name Change”) and a consolidation
(“Consolidation”) of its issued and outstanding common shares on the basis of one (1) post-consolidated
common share for every ten (10) pre-consolidated common shares.
Currently, a total of 80,645,950 common sh ares of the Company are issued and outstanding and after
the Consolidation, the Company will have approximately 8,064,595 issued and outstanding common
shares. Furthermore, the Company also intends to complete a name change from “Lincoln Mining
Corporation” to “Lincoln Gold Mining Inc.” No trading symbol change is contemplated in connection
with the Consolidation and Name Change.
The Consolidation and Company Name Change are subject to the approval of the TSX Venture Exchange
(“TSXV”) and once the Consolidation and Name Change are approved, a new CUSIP number and letter
of transmittal will be sent out to registered shareholders of the Company by the Company’s transfer
agent, Computershare Trust Company of Canada. The Company anticipates the effective date o f the
Consolidation and Name Change to take place on September 24, 2019.
The Board of Directors of Lincoln (the “Board”) believe that the Consolidation is in the best interest of
its shareholders as the Board anticipates that it will provide the Company wi th greater flexibility to
arrange the financings it requires as it continues to transition from a gold exploration company, through
the final stages of permitting, to facility construction and gold production. The Board also believes that
the proposed Nam e Change reflects the Company’s renewed focus on bringing the Pine Grove gold
project into production.
About Lincoln Mining Corp
Lincoln is a Canadian precious metals exploration and development company with two projects in
various stages of exploration and development, namely the Pine Grove Property in Nevada and the Oro
Cruz gold property in California. In the United States, the company operates under Lincoln Gold US
and Lincoln Resource Group Corp., both Nevada corporations.
For more information, please contact Paul Saxton, President and CEO of the Company.
On behalf of Lincoln Mining,
Paul Saxton, President and CEO
Lincoln Mining Corp.
1 (604) 688-7377
2
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information "and "forward looking statements" within the
meaning of applicable Canadian securities laws. Such forward -looking statements include, without
limitation: statements with respect to the anticipated eff ective date for the Consolidation and Name
Change. These statements are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's expectations. In certain
cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could",
"estimates", "expects", "may", "shall", "will", or "would".
Forward-looking information contained in this news release is based on certain factors and assumptions
regarding, among other things, gold prices and the receipt of necessary regulatory approvals. While the
Company considers these assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect.
Although the Company belie ves the expectations expressed in such forward -looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward- looking statements. Factors
that could cause actual results to differ materially from those in forward- looking statements include:
changes in market conditions, unanticipated costs and expenses, changes in the price of gold, failure to
obtain necessary regulatory appro vals, and general economic conditions. In addition, mining
exploration and development is an inherently risky business. Accordingly, actual events may differ
materially from those projected in the forward- looking statements. This list is not exhaustive of the
factors that may affect any of the Company's forward- looking statements. Reference should be made
to the Company's public filings available under its profile on www.sedar.com for further risk factors.
These and other factors should be considered carefully and readers should not place undue reliance on
the Company's forward-looking statements. The Company does not undertake to update any forward-
looking statement that may be made from time to time by the Company or on its behalf, except in
accordance with applicable securities laws.