Lighthouse Gold Inc. (CSE: LGHT) announced on November 5, 2026 that it has received CSE acceptance and formally closed its acquisition of the Mariwa–Sardine Hill – Lower Cuyuni Gold Property in Guyana's Oko Gold District. The company issued 35,000,000 common shares to the vendor and made a cash payment of US$150,000 as key components of the consideration. Separately, the company confirmed that a previously announced private placement has been terminated, with no securities issued and no proceeds received.

Key Points

  • Lighthouse Gold Inc. (CSE: LGHT) is a Canadian gold exploration company focused on assets in Guyana
  • The company has closed its acquisition of the Mariwa–Sardine Hill – Lower Cuyuni Gold Property following CSE acceptance
  • Consideration includes US$150,000 cash, plus 35,000,000 shares at C$0.185 each for an aggregate deemed value of C$6,475,000, in addition to a prior US$100,000 non-refundable deposit
  • Investors may be watching for Guyana Geology and Mines Commission approval of the permit transfer and the company's planned exploration activities on the 3,240-acre property

Acquisition Structure and Share Consideration for Mariwa–Sardine Hill Property

Under the definitive property option purchase agreement with 1464911 B.C. Ltd., Lighthouse Gold holds the exclusive right to acquire a 100% interest in the Mariwa–Sardine Hill – Lower Cuyuni Gold Property. Beyond the US$100,000 non-refundable deposit previously paid under the letter of intent, the company made an additional cash payment of US$150,000 and issued 35,000,000 consideration shares at a deemed price of C$0.185 per share, representing an aggregate deemed value of C$6,475,000. The consideration was determined through arm's length negotiations, the release states, and the transaction is confirmed as an arm's length deal.

Vendor Becomes Insider Following Consideration Share Issuance

Following the issuance of the consideration shares, the vendor now holds 35,020,000 common shares of Lighthouse Gold — including 20,000 shares held prior to the acquisition — representing approximately 15.99% of issued and outstanding shares. As a result, the vendor has become an insider of the company. The consideration shares are subject to resale restrictions until the later of four months and one day from issuance, or ten trading days following filing of financial statements that reflect the acquisition value. The release confirms the vendor and its principal will file personal information forms with the CSE.

Early-Stage Guyana Property Spans 3,240 Acres Across Three Mining Permits

The property comprises three medium-scale mining permits issued under the Mining Act, 1989 (Guyana), covering approximately 3,240 acres in the Cuyuni-Mazaruni region. Each permit was originally granted on November 4, 2015 for a five-year term and has since been renewed by the Guyana Geology and Mines Commission, currently in good standing. The release notes the property is at an early exploration stage and that no mineral resources or mineral reserves have been established. Any transfer of the permits remains subject to approval by the Guyana Geology and Mines Commission and/or the Minister of Natural Resources of Guyana.

Previously Announced Private Placement Terminated With No Proceeds Raised

Lighthouse Gold also confirmed the termination of a private placement that had been announced on October 22 and October 23, 2026. The release states that no securities were issued and no proceeds were received under that financing. The company did not disclose this figure in the announcement regarding any revised financing plans or alternative funding arrangements to support its remaining obligations under the definitive agreement or exploration activities on the property.