VANCOUVER, Jan. 22, 2018 /CNW/ - Lupaka Gold Corp. is pleased to provide an update on operational advancements associated with the Invicta Gold Development Project . Highlights: Mining contractor selected, mobilization has commenced and expected to take 2-3 weeks Rehabilitation, preparation and initial development of Invicta will commence in February 2018 with 3 crews, new adit and 3430 Level to be constructed Bulk [...]
VANCOUVER, Dec. 12, 2017 /CNW/ - Lupaka Gold Corp. is pleased to report on the following key operational advancements associated with the Invicta Gold Development Project . Road Construction Initiated The Company has signed a contract with local operators to expand, enhance, and modify 27 kilometres of road commencing from the paved Huacho-Churin-Oyon highway, located at approximately 1,500 metres above sea level, up to [...]
VANCOUVER, Nov. 28, 2017 /CNW/ - Lupaka Gold Corp. is pleased to report that the Company has engaged SRK Consulting Canada Inc. as the lead contractor to prepare a Preliminary Economic Assessment on its 100%-owned Invicta Gold Development Project , an advanced stage gold-copper polymetallic underground Deposit located approximately 120 kilometres by road north of Lima. Will Ansley, President and CEO of Lupaka, said, "We [...]
Highlights: Sale of a 100% interest in the Crucero Gold Project to GoldMining Inc. ; Consideration received of $5.7 million in cash and marketable securities in GoldMining Inc.; Total cash and marketable securities on hand of ~$8.3 million. VANCOUVER, Nov. 21, 2017 /CNW/ - Lupaka Gold Corp. is pleased to announce that, further to its news release of September 19, 2017, the Company has completed the sale of the Crucero [...]
VANCOUVER, Nov. 8, 2017 /CNW/ - Lupaka Gold Corp. ("Lupaka Gold" or the "Company") (TSXV:LPK, FRA:LQP) is pleased to announce that the Company has received US$2,000,000 in proceeds from Tranche 2 of the total US$7,000,000 Pre-Paid Forward Gold Purchase Agreement (the "Agreement") with PLI Huaura Holdings LP ("PLI"). Pursuant to the Agreement, the financing proceeds will be provided by PLI in three tranches: Tranche 1 [...]
VANCOUVER, Sept. 25, 2017 /CNW/ - Lupaka Gold Corp. ("Lupaka Gold" or the "Company") (TSXV:LPK, FRA:LQP) is pleased to announce that the Company has appointed Mr. William (Will) Ansley as President and Chief Executive Officer, and as a Director of the Company. Mr. Ansley was a member of two teams that placed six mines into production over an eight year period in Sudbury and Timmins, Ontario; Mr. Ansley was the Director of [...]
Lupaka Gold announces that the Company plans to issue warrants to its agent, Red Cloud Klondike Strike Inc., pursuant to Tranche 1 of the PLI financing. In conjunction with the receipt of Tranche 1 of the Invicta Gold mining project financing agreement with PLI Huaura Holding L.P. previously announced on August 9, 2017, and pursuant to an advisory agreement entered into with Red Cloud Klondike Strike Inc. dated October [...]
Lupaka Gold announces that the Company has signed a definitive sales agreement to sell all of its interests in the Crucero Gold Project to GoldMining . "This sale allows Lupaka to focus its efforts on its core properties that we believe have much greater and more immediate development potential," stated Gordon Ellis, President and C.E.O. "Upon the closing of this transaction, the Company will be fully funded to bring its [...]
Lupaka Gold is pleased to announce that the Company has successfully negotiated an early payout of a production royalty on its Invicta property. The royalty was held by Franco-Nevada and included quarterly payments totalling US$800,000 which were to commence upon the start of commercial production and continue for 16 quarters. Payout and filing of the royalty termination documents has resulted in elimination of all [...]
Lupaka Gold is pleased to announce that the Company has received Tranche 1 of the US$7,000,000 PLI Financing Agreement announced in the Company's news release of May 16, 2017. Pursuant to a recent amendment of the PLI Financing Agreement, the PLI financing proceeds will be provided by PLI in three tranches: Tranche 1 - US$1,600,000 (received, net of related fees); Tranche 2 - US$2,000,000; and Tranche 3 - US$2,500,000 [...]
Lupaka Gold is pleased to provide an update regarding progress with its Invicta project and the Pre-Paid Forward Gold Purchase Agreement with PLI Huaura Holdings previously announced on May 16. Tranche 1 of the PLI Financing With the execution of a community agreement with the Lacsanga Community, the Company has completed the final significant condition precedent necessary to close the $4.5 million first tranche of [...]
Lupaka Gold is pleased to announce that on June 30, 2017 it has closed the Bridge Loan Financing previously announced on June 22, 2017, with a group of third-party individuals and Gordon Ellis and Stephen Silbernagel, who are Company Insiders, pursuant to which the Company has agreed to borrow a total of C$600,000. The proceeds will be used for the payment of concession fees, advancement of the Company's mineral [...]