Lupaka Gold Corp. announces that it has closed on $665,000 of its previously announced non-brokered private placement , and approximately $874,000 of the previously announced shares-for-debt transaction . In connection with the Offering and SFD Transaction, Lupaka Gold has issued 25,649,508 units of the Company . Non-brokered Private Placement The Company has closed $665,000 of the Offering, as announced on January 28 [...]
Lupaka Gold Corp. is providing additional details under the debt-for-share conversion application to the TSX Venture Exchange , as well as an update with respect to the non-brokered private placement announced on January 28, 2019 and updated on February 14, 2019. Will Ansley, President and CEO stated, “The initiatives outlined today will improve the Company’s short-term liquidity position by a combined $2.0 [...]
Lupaka Gold Corp. reports that discussions between community leaders and the authorities have resulted in the end of the illegal demonstration at the Company’s Invicta Gold Development Project . As previously announced on October 25, 2018, access to Invicta had been restricted due to a blockade by community members from the nearby community of Paran. The Company has agreed to enter into a formal dialogue table with [...]
Lupaka Gold Corp. announces that the Company has updated the terms of the non-brokered private placement of units originally announced on January 28, 2019 and has taken additional steps to significantly improve the Company’s liquidity. The Company will be raising up to $1,000,000 by way of a non-brokered private placement. Each Unit will be priced at $0.06 and will consist of one common share of the Company and one [...]
Lupaka Gold Corp. reports that despite considerable effort to broker an end to the illegal demonstration at the Company’s Invicta Gold Development Project , the demonstration continues. As previously announced on October 25, 2018, access to Invicta had been restricted due to an illegal blockade by community members from the nearby community of Paran. In addition, the Company announces that it intends to complete a [...]
Lupaka Gold Corp. reports that effective November 21, 2018, the Company has granted, pursuant to its 2010 Incentive Stock Option Plan, 1,725,000 incentive stock options to employees, consultants, officers and directors of the Company. Including this issuance, outstanding options represent approximately 8% of the issued common shares. The options vest over 18 months from date of grant and are exercisable on or before [...]
Lupaka Gold Corp. reports that operations at the Invicta Gold Development Project have been impacted by an illegal demonstration by a group of community members from the nearby community of Paran. The demonstrators have blockaded the access road directly outside of the main gate at Invicta, restricting access to site. All mine employees have been safely relocated pending the outcome of this situation. The Company has [...]
Lupaka Gold Corp. is pleased to announce results from the ongoing systematic underground channel sampling program from the new development headings on the 3400 Level and 3430 sublevel, at the Company's 100% owned Invicta Gold Development Project . Highlights: 3430 sublevel - Development and channel sampling of the Atenea vein has been extended by 105 metres along strike to the west and northeast; Average channel sample [...]
Lupaka Gold Corp. is pleased to provide an update on recent development activities at the Invicta Gold Development Project . Processing of mineralized development material from Invicta has recently commenced and the first concentrates have been successfully produced. The mineralized development material was transported to two local toll milling facilities, following substantial completion of the road rehabilitation and [...]
Lupaka Gold is pleased to report channel sample results conducted vertically within the relief raise development at the Company's 100% owned Invicta Gold Development Project . Sampling Program Highlights: Channel sample assay values from across the strike of the Atenea vein, within the raise development, returned an average of 23.45 grams per tonne gold equivalent* over a vertical height of approximately 30 metres [...]
Lupaka Gold is pleased to announce the results from a recent systematic underground sampling program on the newly developed 3430 production sublevel, located 30 metres up-dip of the 3400 Level, at the Company's 100% owned Invicta Gold Development Project. Sampling Program Highlights: Sample assay values from the Atenea vein on the 3430 sublevel averaged 9.22 grams per tonne gold equivalent1 over a strike length of 130 [...]
Lupaka Gold advises that as a result of a review by the British Columbia Securities Commission, it has filed today, an amended National Instrument 43-101 Preliminary Economic Assessment technical report for the 100% owned Invicta Gold Development Project, however there are no material changes. The amendments address disclosure and filing deficiencies, and have been updated to comply with all reporting, disclosure and [...]
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