Lincoln Ventures Ltd announced a private placement of up to 7,000,000 shares at a price of CAD 0.50 per share for gross proceeds of CAD 3,500,000 on November 30, 2023. The company will pay a finders' fee of 200,000 Consolidated Shares to one finder. Common shares of the Resulting Issuer issued in connection with the Transaction may be subject to the TSX-V's Seed Share Resale Restrictions.

The closing of the Transaction is subject to various conditions, including the parties negotiating and entering into a definitive agreement, obtaining the approval of their respective shareholders, if required, and obtaining all required regulatory and stock exchange approvals.