Lupaka Announces Non-Brokered Private Placement
17 September 2022 - 7:01AM
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”) of 2,000,000 units at a price of
$0.10 per unit. Each unit consists of one common share of the
Company and one common share purchase warrant 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 closing.
The Placement will consist of 2,000,000 units
consisting of common shares at $0.10 per common share (the
“Shares”) of the Company for gross proceeds of up
to $200,000. The Shares will be subject to a hold period expiring
four months and one day from the closing date of the Placement in
accordance with applicable securities laws. Closing of the
Placement is subject to final acceptance by the TSX Venture
Exchange.
No Insiders are participating in the Placement
and no 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.
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.gellis@lupakagold.comTel:
(604) 985-3147
or visit the Company’s profile at www.sedar.com
or its website at www.lupakagold.com
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