VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2013) - Lincoln Mining Corporation, (TSX VENTURE:LMG) ("Lincoln" or the "Company") announces that it has received a C$300,000 demand loan (the "Loan") from James Dales, a director of the Company, to fund Lincoln's current working capital requirements. The Loan bears interest at 10% per annum, calculated and payable on the first day of each month, commencing September 27, 2013. Under the terms of the Loan, the Company has granted Mr. Dales a security interest in the Company's portion of the proceeds from any future sale of the La Bufa property (see news release of June 4, 2013 for further details).
Lincoln Mining Corp. is a Canadian precious metals exploration and development company with several projects in various stages of exploration and development which include the Pine Grove and Bell Mountain gold properties in Nevada, the Oro Cruz gold property in California and the La Bufa gold-silver property in Mexico. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp. both Nevada corporations. The Company's United States operations remain subject to an order issued by the Committee on Foreign Investment in the United States, as disclosed in the Company's news release dated June 18, 2013.
On behalf of Lincoln Mining Corporation
Paul Saxton, President & CEO
Neither the 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.
This press release includes forward-looking statements or information. All statements other than statements of historical fact included in this release, including without limitation, statements regarding the potential development of Lincoln's properties, and other future plans, objectives or expectations of the Company, involve various risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to actual exploration results, impairment or loss of the Company's rights in respect of the properties; availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company makes all reasonable efforts to update its corporate material on a timely basis.