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Trident Resources Announces Sale of Lincoln Gold Mining Inc. Shares
ByAinvest
Tuesday, Jul 15, 2025 5:02 pm ET1min read
Trident Resources Corp. has disposed of 4.5 million common shares of Lincoln Gold Mining Inc., representing 19.9% of Lincoln's issued and outstanding common shares. The shares were sold at $0.20 each for an aggregate consideration of $900,000. Trident now holds no shares of Lincoln. The sale was made for investment purposes, and the company may acquire or dispose of additional shares in the future.
Title: Trident Resources Corp. Disposes of 4.5 Million Shares of Lincoln Gold Mining Inc.Vancouver, BC, July 2, 2025 — Trident Resources Corp. (TSX-V: ROCK) has announced the disposition of 4.5 million common shares of Lincoln Gold Mining Inc. (TSXV: LMG), representing approximately 19.9% of Lincoln's issued and outstanding common shares as of July 15, 2025. The shares were sold at $0.20 each for an aggregate consideration of $900,000 [1].
Immediately before the transaction, Trident held 4.5 million common shares of Lincoln, which constituted 19.9% of the issued and outstanding common shares. Following the sale, Trident now holds no shares of Lincoln [1].
The sale was made for investment purposes, and Trident may from time to time acquire additional securities of Lincoln, dispose of some or all of the existing or additional securities they hold or will hold, or continue to hold their current positions [1].
This transaction comes as Lincoln Gold Mining Inc. has been actively pursuing financing to move forward with its projects. On July 9, 2025, Lincoln Gold announced that the TSX Venture Exchange had conditionally approved the closing of the first tranche of its private placement financing for gross proceeds of up to $1,200,000 [2]. The first tranche of the private placement will be comprised of 1,904,000 units for aggregate gross proceeds of $285,600, with the remaining $915,000 expected to close following Lincoln's August 15, 2025 annual general meeting.
References:
[1] https://www.globenewswire.com/news-release/2025/07/15/3116052/0/en/Trident-Resources-Announces-Disposition-of-Lincoln-Gold-Mining-Inc-Shares.html
[2] https://www.tradingview.com/news/reuters.com,2025-07-10:newsml_Tnw65QnrL:0-lincoln-gold-announces-conditional-approval-to-close-first-tranche-of-private-placement-financing/
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