RE:GOOD NEWS !!!
Lupaka Gold Enhances Short-Term Liquidity Position by $2.0 Million Financing AddThis Sharing Buttons Share to LinkedInShare to TwitterShare to FacebookShare to EmailShare to More TSX VENTURE: LPK www.lupakagold.com Mr. William Ansley reports: VANCOUVER, British Columbia, March 07, 2019 (GLOBE NEWSWIRE) -- Lupaka Gold Corp. ("Lupaka Gold" or the Company") (TSX-V: LPK, FRA: LQP) is providing additional details under the debt-for-share conversion application to the TSX Venture Exchange (TSXV), 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 Companys short-term liquidity position by a combined $2.0 million, a significant milestone and development for Lupaka. Non-brokered Private Placement The Company has received subscription commitments of $665,000 with respect to the non-brokered private placement (the Offering, or Private Placement) announced on January 28, 2019 and updated on February 14, 2019. Each Unit will be priced at $0.06 and will consist of one common share of the Company and one transferable common share purchase warrant (each, a Warrant), with each Warrant entitling the holder to acquire one common share of the Company at a price of $0.10 for a period of 30 months from the date of the closing of the Offering. Proceeds from the Offering are intended to be used for general working capital purposes, including community and social relations initiatives in Peru. Liquidity Improvement Program