Lupaka Gold Corp. announces that the Company has closed the non-brokered private placement previously announced on May 14, 2020, utilizing the TSX Venture Exchange’s Temporary Relief Bulletin dated April 8, 2020. The Company issued 5,000,000 common shares at a price of $0.02 per common share of the Company for gross proceeds of $100,000 . All Shares issued are subject to a 4- month hold period from the date of issuance [...]
Lupaka Gold Corp. announces that the Company will be relying on the temporary 45 day extension to the filing deadline for its quarterly financial statements for the period ended March 31, 2020 and upcoming June 30, 2020 period end if the relief is extended, plus each of the accompanying management's discussion and analysis and related officer certifications , as granted by the Canadian Securities Administrators in [...]
Lupaka Gold Corp. announces that the Company intends to complete a non-brokered private 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 of the Company for gross proceeds of up [...]
Lupaka Gold Corp. announces that the Company will be relying on the temporary 45 day extension to the filing deadline for its annual financial statements, the accompanying management's discussion and analysis, and the related officer certifications for the year ended December 31, 2019, as granted by the Canadian Securities Administrators in response to the ongoing Covid-19 pandemic. Prior to the extension, the Company was [...]
Lupaka Gold Corp. . Lupaka Gold announces that on 12 December 2019 it delivered to the Peruvian Minister of Economy and Finance a Notice of Intent to Submit a Claim to Arbitration in accordance with the 2009 Free Trade Agreement between Canada and Peru . Lupaka Gold has thereby formally notified the Peruvian government that there exists an investment dispute between Lupaka Gold and the Government. The dispute arises out [...]
Lupaka Gold Corp.. We reference the Company’s August 27, 2019 news release wherein the Company provided news on the sale of PLI Huaura LC to Lonely Mountain Resources SAC, and its declaration of an early termination date of the PLI Loan under which the Company received US$6.1 million. With its unexpected and unilateral declaration of an early termination date, PLI immediately demanded that the Company pay PLI [...]
Lupaka Gold reports that effective Sept 11, 2019, the Company has granted 3,700,000 incentive stock options to employees, consultants, officers and directors of the Company, pursuant to its 2010 Incentive Stock Option Plan. The options vest over 18 months from date of grant and are exercisable on or before September 11, 2024, at a price of $0.02 per share. The Company has had almost a complete turnover of senior [...]
Lupaka Gold Corp.. We reference the Company’s July 2, 2019 news release wherein the Company announced that PLI Huaura LC , the organization which holds the Amended and Restated Pre-Paid Forward Gold Purchase Agreement under which the Company received US$6.1 million , had been sold by Pandion Mine Finance to Lonely Mountain Resources S.A.C. Further, we reference the Company’s July 3, 2019 news release wherein [...]
Lupaka Gold Corp. announced today that it has accepted the resignation of Will Ansley as President, CEO, and Director, and Ryan Webster as CFO of the Company, effective July 31, 2019. Gordon Ellis, co-founder and Chairman of the Company’s board of directors has been appointed President and CEO and Darryl Jones, the founding CFO, will fill the position of CFO. As a result of the ongoing illegal blockade of Invicta [...]
Lupaka Gold Corp. announces that the Company has received a formal Notice of Acceleration from PLI Huara Holdings L.P. on its prepaid gold purchase agreement . The Notice of Acceleration claims that as a result of existing specified claims of default, PLI has declared an early termination date of the loan and is requesting immediate payment of US$15,581,654. The specified claims of default relate primarily to the [...]
Lupaka Gold Corp. is announcing the change of ownership of PLI Huara Holdings L.P. , the creditor to the Company under the existing prepaid gold purchase agreement. Lupaka was advised on July 1, 2019 that PLI had been sold to Lonely Mountain Resources S.A.C. by the previous owner, Pandion Mine Finance. The Company looks forward to working with Lonely Mountain. Neither the TSX Venture Exchange nor its Regulation Service [...]
Lupaka Gold Corp. announces that discussions between the Company and community leaders from the nearby community of Paran have been abandoned by the President of Paran. Once again Paran has resumed their illegal demonstration, preventing the Company from accessing the Invicta Gold Development Project . In doing so Paran has failed to honour the agreement signed earlier in March, which included the commitment to provide [...]