Lupaka Gold Corp. announced a non-brokered private placement of 2,000,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 200,000 on September 16, 2022. Each unit consist of one common share and one common share purchase warrant entitling the holder to purchase an additional common share of the company at a price of CAD 0.25 for a period of three years from closing.

The shares will be subject to a hold period expiring four months and one day from the closing date of the transaction. Closing of the transaction is subject to final acceptance by the TSX Venture Exchange. No Insiders are participating in the transaction and no finders?

fees are expected to be paid.