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Lincoln Mining mulls name change, share consolidation to reflect gold focus

Lincoln Mining Corp. is mulling a name change to Lincoln Gold Mining Inc. to reflect its focus on bringing the Pine Grove gold-copper project in Nevada into production.

The company said Sept. 20 it is also looking to consolidate its shares on a 1-for-10 basis, following which Lincoln will have about 8,064,595 shares on issue.

The board expects the consolidation to provide the company with greater flexibility to arrange the financings as it transitions from a gold exploration company to facility construction and gold production.

The name change and share consolidation are expected to take effect on Sept. 24.