Morning trading January 27, page-268

  1. 8,366 Posts.
    lightbulb Created with Sketch. 1171
    Very doubtful for a Co. that was suspended for 2 Years for not doing enough to even be listed on the ASX,
    After a few days of relisting,
    And raising $4.6M,
    Of which it had to pay one of it's biggest shareholders back a debt of $1.6M,
    Has suddenly changed into something different.

    LML

    "A non-renounceable pro-rata rights issue offer to Eligible Shareholders of 67 new shares (New Shares) for every 50 shares held at the Record Date at an issue price of $0.006 (0.6 cents) per New Share to raise approximately $4.6 million before costs"

    "Use of funds raised will include repayment of a $1.6M loan to the Company’s largest shareholder Australian Poly Minerals Investments Pty Ltd"

    "Lincoln shares have been suspended from trading on the ASX since 21 September 2020 and due to lack of funds, the activities of the Company have been limited since this time."

    Let's see if it's still listed in 12 months or so ....
 
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