Lighthouse completes acquisition of second gold project in Guyana

(Kaieteur News) – Canadian mining company Lighthouse Gold Inc. has completed the acquisition process of the Mariwa–Sardine Hill–Lower Cuyuni gold property – making it the company’s second gold project in Guyana.

In a 5thNovember announcement the company said following acceptance of the transaction by the Canadian Securities Exchange (CSE), it was able to finalise the acquisition of the gold property located in the Oko district.

The company said it paid the vendor US$150,000 in cash and issued 35 million common shares, at C$0.185 per share, representing an aggregate deemed value of C$6.475 million. The payment was made in addition to a US$100,000 non-refundable deposit previously paid under a letter of intent between the company and the vendor.