On October 28, 2022, Lupaka Gold Corp. closed the transaction. The transaction included participation from David Lyall for 500,000 units.

TSX Venture Exchange has accepted filing for documentation with respect to the transaction. The transaction includes participation from 9 placees including pro group involvement from two placees for 250,000 units. All of the shares issued and any warrants shares if exercised prior to March 1, 2023, are subject to a hold period expiring four months and one day from the closing in accordance with applicable securities laws.

Closing of the placement is subject to final acceptance by the TSX Venture Exchange.