Lincoln Minerals (ASX:LML) launches $1.5M share purchase plan for South Australian mining projects

Lincoln Minerals announced an underwritten share purchase plan to raise $1.5 million to advance South Australian mining projects.

Existing shareholders in Australia and New Zealand can purchase new shares at a discounted rate, up to $30,000 per shareholder.

The funds will advance the Kookaburra Graphite Project with an updated pre-feasibility study and explore the potential of the Green Iron and Uranium Projects.

Canaccord Genuity (Australia) is underwriting the share purchase plan.