Lighthouse Gold Announces Upsize of Non-Brokered Private Placement of Units
14:00 Uhr | The Newswire
Vancouver - Lighthouse Gold Inc. ("Company") (CSE: LGHT) is pleased to announce that due to significant market demand, the Company has increased the size of its previously announced non-brokered private placement from $700,000 to $854,000. The upsized offering (the "Offering") will consist of up to 12,200,000 units of the Company (the "Units") at a price of $0.07 per Unit for aggregate gross proceeds of up to $854,000.
Each Unit will be comprised of one common share in the capital of the Company (a "Share") and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to purchase one additional Share (a "Warrant Share") for a period of 18 months from the closing date at an exercise price of $0.13 per Warrant Share.
The Company intends to use the proceeds from the Offering for exploration of its mineral properties and for general working capital.
The Company anticipates closing the Offering on or about January 29, 2026.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.
Stock Option Grant
The Company also announces that it has granted an aggregate of 4,850,000 stock options (the "Options") to directors, officers and consultants of the Company, pursuant to the Company's equity incentive plan. Each option is exercisable to acquire one common share at an exercise price of $0.10 per common share for a period of five (5) years from the date of grant.
About Lighthouse Gold Inc.
Lighthouse Gold Inc. is a mineral exploration and development company in the business of acquiring, and exploring gold properties, with a focus in Guyana, South America. The company currently has 100-per-cent interest in two properties located in Guyana.
ON BEHALF OF THE BOARD OF DIRECTORS
Geoff Balderson, Director, CFO & Corporate Secretary
For more information, please contact:
Geoff Balderson
Telephone: 604-602-0001
Email: gb@corporateminds.ca
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward- looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Lighthouse Gold disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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