Le Lézard
Classified in: Mining industry, Business
Subject: FINANCING AGREEMENTS

Lupaka Announces Non-Brokered Private Placement


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Sept. 16, 2022 (GLOBE NEWSWIRE) -- 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.com
Tel: (604) 985-3147

or visit the Company's profile at www.sedar.com or its website at www.lupakagold.com



These press releases may also interest you

2 déc 2022
Avidian Gold Corp. ("Avidian" or the "Company") is pleased to announce to announce that it has closed the first tranche (the "First Tranche") of its non-brokered private placement offering of units of the Company...

2 déc 2022
Copper Lake Resources Ltd. ("Copper Lake" or the "Company") is pleased to announce the closing of the first tranche (the "First Tranche") of its non-brokered private placement financing of up to 23,529,412 Flow-Through Units (the "Units") of the...

2 déc 2022
SIGMA Lithium Corporation ("Sigma Lithium" or the "Company") , dedicated to powering the next generation of electric vehicles with high-purity, environmentally and socially sustainable lithium is pleased to announce that its senior finance team, led...

2 déc 2022
The "Carbon Capture, Utilization & Storage Technologies" report has been added to  ResearchAndMarkets.com's offering. This report provides an analysis of the global market for carbon capture, utilization and storage technologies and current market...

2 déc 2022
The "United States Crude Steel Industry: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering. The US crude steel market is forecasted to reach US$110.0 billion in 2026,...

2 déc 2022
Prime Mining Corp. ("Prime", or the "Company") is pleased to announce that in connection with its previously announced bought deal private placement, the Company and Desjardins Capital...



News published on 16 september 2022 at 17:05 and distributed by: