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, October 28, 2022 – Lupaka Gold Corp.
("Lupaka Gold " or the “ Company") (TSX -V: LPK, FRA: LQP) announces that the
Company has closed the non -brokered private placement (the “Closing”) previously
announced on September 16, 2022 (the “Placement”).
At the Closing, the Company issued 2,000,000 units at a price of $0.10 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 $0.25 for a period of three years from the Closing (the “Placement”). All of the Shares
issued and any Warrants Shares (if exercised prior to March 1, 2023) are subject to a
hold period expir ing four months and one day from the Closing in accordance with
applicable securities laws. Closing of the Placement is subject to final acceptance by
the TSX Venture Exchange.
The proceeds of the Placement will be used for property acquisitions and development
expenditures, and general working capital.
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 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