Lupaka Announces Non-Brokered Private Placement
DRAFT
Lupaka Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DIS-
SEMINATION IN THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA, October 1 8, 2023 – Lupaka Gold Corp. (" Lupaka
Gold" or the “Company") (TSX-V: LPK, FRA: LQP) announces that it intends to complete a
non-brokered private placement (the “Placement”), to raise gross proceeds of up to $51,000.
The Company plans to issue up to 850,000 units at a price of $0.06 per unit. Each unit consists
of one common share of the Company and one common share purchase warrant (each, a
“Warrant”). Each Warrant entitles the holder to purchase one additional common share of the
Company at a price of $0.10 for a period of three years from closing.
No i nsiders of the Company are participating in the Placement and n o finders’ fees are
expected to be paid. The proceeds of the Placement will be used to fund property acquisitions
and development expenditures, and general working capital.
Closing of the Placement is subject to receipt of final applicable regulatory approvals including
approval of the TSX Venture Exchange. The shares and Warrants issued in the Placement
are subject to a four-month hold period.
This news release does not constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The Securities have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any state
securities laws and may not be offered or sold within the United States or to U.S.
Persons unless an exemption from such registration is available.
Neither the TSX Venture E xchange nor its Regulation Service Provider (as the term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy of this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gordon Ellis, C.E.O.
Tel: (604) 985-3147
or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com