Board Change • Jul 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 28
Lincoln Ventures Ltd., Annual General Meeting, Jun 27, 2024 Lincoln Ventures Ltd., Annual General Meeting, Jun 27, 2024. Location: Suite 650, 669 Howe Street, Vancouver British Columbia Canada Duyuru • Mar 12
Lincoln Ventures Ltd. announced that it expects to receive CAD 3.603 million in funding Lincoln Ventures Ltd. announces private placement of 7,206,000 subscription receipts at an issue price of CAD 0.50 per subscription receipt for proceeds of CAD 3,603,000 on March 12, 2024. The subscription receipts will be issued in two phases proceeds of $1,103,000 will be issued in Phase 1 and proceeds of $2,500,000 will be issued in phase 2. Each subscription receipt issued in Phase 1 will be converted into one unit of the Company. Each Unit will be comprised of one post-consolidated common share and one common share purchase warrant. Each Warrant will be exercisable for one additional post-consolidated common share at $0.50 for a period of 12 months from the date of issuance until the Transaction closes, at which point the exercise period will be extended to 18 months from the date of issuance. Each subscription receipt issued in Phase 2 will be converted into one common share of the Resulting Issuer, without further consideration or action by the subscribers, on closing of the Transaction. All securities issued in the Financings will be subject to a four month hold period in accordance with Canadian securities laws. The company may pay finder's fees 6% in cash and 6% in finder's warrants from the sale of subscription receipts to third parties sourced by finders. The transaction is subject to the approval of the TSX Venture stock exchange. Duyuru • Dec 01
Lithium assets and land holdings in Alberta of PRISM Diversified Ltd. entered into a binding letter agreement to acquire Lincoln Ventures Ltd. (TSXV:LX.H) for CAD 3.5 million in a reverse merger transaction. Lithium assets and land holdings in Alberta of PRISM Diversified Ltd. entered into a binding letter agreement to acquire Lincoln Ventures Ltd. (TSXV:LX.H) for CAD 3.5 million in a reverse merger transaction on November 15, 2023. In connection with the Acquisition, Lincoln will consolidate its common shares on a 1:3.03 basis. Lincoln will acquire the Assets from Prism by issuing 29,118,291 of the Lincoln Consolidated Shares to Prism, at a deemed price of CAD 0.50 per Lincoln Consolidated Share, for approximate consideration of CAD 14,559,145. A portion of the common shares of the Resulting Issuer that are issued to Prism pursuant to the Acquisition are subject to Tier 2 Surplus Security Escrow Agreement or the Seed Share Resale Restrictions. In particular, 35% of the Pooled Shares will be released (in 5% tranches every 6 months, with the first release occurring upon completion of the Transaction) over a period of 3 years, and 65% of the Pooled Shares will be released based on the Resulting Issuer meeting certain targets. On closing of the Transaction, Lincoln intends to change its name to 'LithAlta Projects Ltd.' (the "Resulting Issuer"). In connection with the Acquisition, and prior to closing of the Transaction, Lincoln will use reasonable commercial efforts to complete a private placement financing of up to 7,000,000 Lincoln Consolidated Shares, at CAD 0.50 per share, for total proceeds of not less than CAD 2.5 million ("Private Placement"). On closing of the Transaction, it is approximately 22.95% of the Resulting Issuer shares will be held by existing Lincoln shareholders, approximately 62.12% will be held by Prism, and approximately 14.93% will be held by participants from the Private Placement. On closing of the Transaction, the board of directors of the Resulting Issuer is expected to be composed of John Proust, Murray Flanigan, and John Merritt, and management of the Resulting Issuer is expected to be composed of John Merritt as Chief Executive Officer, Vince Boon as Chief Financial Officer, and Eileen Au as Corporate Secretary.
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. In addition, the closing of the Transaction is subject to Lincoln completing the Private Placement. Board Change • Nov 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$180k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.28m market cap, or US$933.2k). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Duyuru • Oct 24
Lincoln Ventures Ltd. announced that it has received CAD 0.155 million in funding On October 23, 2023, Lincoln Ventures Ltd. closed the transaction. The Company issued 3,100,000 common shares at a price of CAD 0.05 per Share for gross proceeds of CAD 155,000. In connection with the transaction, the Company paid a cash finder’s fee of CAD 1,500. All Shares issued pursuant to the Private Placement are subject to a four month hold period expiring on February 24, 2024, in accordance with applicable securities legislation. Two directors of the Company, including one member of management, subscribed for an aggregate of 1,400,000 Shares for a total value of CAD 70,000 pursuant to the Private Placement. On closing of the transaction, the Company granted an aggregate of 1,600,000 stock options to certain officers, directors, and consultants of the Company pursuant to its new equity incentive plan adopted in 2022. The Options are exercisable into common shares at CAD 0.05 per share for a period of five years from the date of grant, subject to vesting in equal tranches, 25% vesting on the date of grant and 25% vesting every 6 months thereafter. The Options and the common shares issuable upon the exercise of the Options are subject to a hold period of four months from the date of grant. Board Change • Oct 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Sep 30
Lincoln Ventures Ltd. announced that it expects to receive CAD 0.25 million in funding Lincoln Ventures Ltd. announced a non-brokered private placement of up to 5,000,000 shares at a price of CAD 0.05 per share for gross proceeds of up to CAD 250,000 on September 28, 2023. Closing of the transaction is subject to the acceptance of the TSX Venture Exchange. Board Change • Sep 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 04
Lincoln Ventures Ltd., Annual General Meeting, Dec 02, 2022 Lincoln Ventures Ltd., Annual General Meeting, Dec 02, 2022. Board Change • Sep 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 09
Lincoln Ventures Ltd. announced that it has received CAD 0.1 million in funding On June 8, 2022, Lincoln Ventures Ltd. closed the transaction. Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 10
Lincoln Ventures Ordinary Shares to Be Deleted from Other OTC Lincoln Ventures Ltd. Ordinary Shares will be deleted from Other OTC effective from February 09, 2022, due to Inactive Security. Board Change • Feb 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Murray Flanigan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.