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Lincoln Gold Mining Inc.: Lincoln Gold Announces Oversubscription of Private Placement


Lincoln Gold Mining Inc.: Lincoln Gold Announces Oversubscription of Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / Lincoln Gold Mining Inc. ( Lincoln or the Company ) (TSXV:LMG) is pleased to announce that, further to its press release dated May 5, 2021, its previously announced private placement will be oversubscribed. The Company now proposes to issue up to 2,770,000 units of the Company (the
Units ) at a price of $0.15 per Unit to raise gross proceeds of up to $415,500. Net proceeds from the Private Placement will be primarily used towards the mine operations permitting process for the Pine Grove Gold Project in Nevada, a pre-feasibility study and for general working capital purposes. ....

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PHX Energy Announces Its Operating and Financial Results


Financial Results
In the first quarter of 2021, PHX Energy reported improved adjusted EBITDA as a percentage of revenue and earnings from continuing operations despite the ongoing effects of the COVID-19 pandemic. For the three-month period ended March 31, 2021, the Corporation achieved adjusted EBITDA from continuing operations of $14.5 million, 21 percent of revenue, compared to $19.3 million, 19 percent of revenue, in the corresponding 2020-period. Earnings from continuing operations in the three-month period ended March 31, 2021 increased to $5.3 million from a loss of $2.2 million in the 2020-quarter. The sustained cost discipline initiatives from the prior year and the positive impact of government grants contributed to the improved profitability and earnings in the first quarter of 2021. This improved profitability in the first quarter of 2021, however, was affected by the cash-settled share-based payments expense of $2.6 million compared to a recovery of $3.4 million i ....

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