Lupaka Gold Announces Non-Brokered Private Placement
Lupaka Gold Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA, May 14, 2020 – Lupaka Gold Corp. (" Lupaka
Gold" or the “ Company") (TSX -V: LPK, FRA: LQP) announces that the Company
intends to complete a non -brokered private placement (the “Placement”) utilizing the
TSX Venture Exchange’s Temporary Relief Bulletin dated April 8, 2020 to enter into a
non-brokered private placement at the Company’s closing market price of $0.02 per
share as of May 13, 2020.
The Placement will consist of 5,000,000 common shares at $0.02 per common share
(the “Shares”) of the Company for gross proceeds of up to $100,000 . The Shares will
be subject to a 4 -month hold period , no warrants will be issued and no Insiders are
participating in the Placement. As well, no finders’ fees are expected to be paid.
The proceeds of the Placement will be used to pay outstanding auditor’s fees of
~$44,000, TSXV listing sustaining fees of $5,200, and annual regulatory financial filing
fees of ~ $5,200, with the balance being retained for future corporate administrative
purposes.
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 pol icies 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