Lincoln Ventures Ltd. announced a non-brokered private placement of up to 625,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 50,000 on April 28, 2022. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of CAD 0.105 per share for a period of 12 months from the closing date of the transaction.

The closing of the transaction is subject to the acceptance of the TSX Venture Exchange. All the securities issued will be subject to a four-month hold period in accordance with applicable Canadian securities laws.