Lupaka Completes Closing of Non-Brokered Private Placement
Lupaka Completes Closing of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA, July 14, 2021 – Lupaka Gold Corp. (" Lupaka
Gold" or the “Company") (TSX-V: LPK, FRA: LQP) announces that the Company has
closed the non-brokered private placement previously announced on June 23, 2021 (the
“Placement”).
The Company issued 4,000,000 units at a price of $0.05 per unit for gross proceeds of
$200,000. Each unit consists of one common share of the Company (“Share”) and one
transferable common share purchase warrant (“Warrant Share”) entitling the holder to
purchase an additional common share of the Company at a price of $ 0.10 for a period
of three years from the closing (the “Placement”) . All Shares issued and Warrants
Shares (if exercised prior to November 15, 2021) are subject to a hold period expiring
four months and one day from the closing date of the Placement in acc ordance with
applicable securities laws. Closing of the Placement is subject to final acceptance by
the TSX Venture Exchange.
In connection with the subscriptions received the Company expects to pay finders’ fees
in the amount of $10,000 in cash. No insiders participated in this Placement.
The proceeds of the Placement will be used to pay ongoing operating costs as the
Company continues to pursue its litigation against the Republic of Peru and to support
review of potential new properties.
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 s ecurities 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 Exchange 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