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Lincoln Gold Mining Inc. (TSX.V: LMG) (“Lincoln Gold” or the “Firm”) the Firm and its wholly owned subsidiary, Lincoln Useful resource Group Corp., have been served with a press release of declare (the “Declare”) filed by Albert Fook Lau Ho, Philip Dy Mo Hua Cheung and Dragon Hill Creation Ltd. (the “Claimants”) looking for roughly CAD$877,230, along with common damages and relevant curiosity, in respect of alleged unpaid promissory notes and breaches of contractual obligations.
The quantities claimed by the Claimants relate to historic loans which are mirrored within the Firm’s monetary statements. In consequence, the Firm doesn’t contemplate the Declare to represent a cloth change within the monetary place of the Firm, nor does the Firm consider that the declare may have a major impression on its operations.
The Firm disputes most of the details and allegations of the Declare and invitations the Claimants to have interaction in constructive dialogue with the Firm. The Firm intends to file a press release of protection.
The administrators of Lincoln Gold proceed to advance the Firm’s operations and undertake actions that progress the Firm’s Nevada gold tasks.
About Lincoln Gold Mining Inc.:
Lincoln Gold is a Canadian valuable metals growth and exploration firm headquartered in Vancouver, BC. The Firm holds curiosity within the Bell Mountain gold-silver property that’s absolutely permitted and shifting to manufacturing and a second bigger mission, the Pine Grove gold property which is within the last phases of allowing. The 2 gold tasks are inside 61 air miles of one another, positioned within the extremely potential Walker Lane mineral belt, recognized for its quite a few gold and silver deposits. Lincoln is dedicated to sustaining regular and sturdy progress in direction of its aim of changing into a mid-tier gold producer.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Observe Relating to Ahead-Wanting Statements
This information launch accommodates “forward-looking data” throughout the which means of relevant Canadian securities laws. “Ahead-looking data” contains, however shouldn’t be restricted to, statements with respect to the actions, occasions or developments that the Firm expects or anticipates will or could happen sooner or later, together with expectations relating to the quantities claimed in opposition to the Firm and the Firm’s capacity to efficiently defend the declare.
Usually, however not at all times, forward-looking data and statements could be recognized by means of phrases reminiscent of “plans”, “expects”, “is predicted”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the unfavorable connotation thereof or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “will probably be taken”, “happen” or “be achieved” or the unfavorable connation thereof. Such forward-looking data and statements are primarily based on quite a few assumptions, together with amongst others, the validity of the declare and the flexibility of the Firm to efficiently defend the declare.
Though the assumptions made by the Firm in offering forward-looking data or making forward-looking statements are thought-about affordable by administration on the time, there could be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Essential elements that would trigger precise outcomes to vary materially from the Firm’s plans or expectations embrace the flexibility of the Firm to efficiently defend the declare and the whole quantity owing beneath the declare.
Though the Firm has tried to establish essential elements that would trigger precise outcomes to vary materially from these contained within the forward-looking data or implied by forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There could be no assurance that forward-looking data and statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated, estimated or supposed. Accordingly, readers mustn’t place undue reliance on forward-looking statements or data. Ahead-looking statements relating to Lincoln Gold and its proposed enterprise actions are topic to various dangers, together with these dangers disclosed within the Firm’s steady disclosure supplies accessible on SEDAR+ (www.sedarplus.ca).
SOURCE Lincoln Gold Mining Inc.
View unique content material: http://www.newswire.ca/en/releases/archive/December2025/11/c9998.html
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