Lighthouse Gold Announces Closing of Non-Brokered Private Placement of Units

Executive Summary

• Lighthouse Gold Inc. closed a non‑brokered private placement of 12,200,000 units at $0.07 per unit, raising approximately $854,000 in gross proceeds.
• Each unit consists of one common share and half of a share purchase warrant; the warrants are exercisable for an additional share at $0.13 per share for 18 months.
• Proceeds will be used to fund exploration activities on the company’s Guyana gold properties and for general working capital.

Key Details

• Units Issued: 12,200,000 units @ $0.07/unit → gross proceeds ≈ $854,000.
• Unit Composition:
• 1 common share per unit.
• ½ of a share purchase warrant per unit (each whole warrant allows purchase of one additional share).
• Warrant Terms:
• Exercise price: $0.13 per share.
• exercisable for 18 months from the closing date.
• Use of Proceeds: Exploration of mineral properties in Guyana and general working capital.
• Statutory Hold Period: Securities subject to a four‑month plus one day hold period under Canadian securities law.
• Related Party Participation: A director participated as a related party; the transaction was exempt from MI 61‑101 valuation and shareholder approval because the fair market value of shares issued did not exceed 25 % of market capitalization.
• U.S. Securities Disclaimer: Units are not registered under the U.S. Securities Act and may not be offered or sold in the United States absent an exemption.

Notable Quotes

(No executive quotes were provided in the release.)