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Lupaka Gold Corp. (LPK.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.04500.0000 (0.00%)
At close: 2:52PM EDT
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Previous Close0.0450
Open0.0400
Bid0.0450 x 0
Ask0.0500 x 0
Day's Range0.0400 - 0.0450
52 Week Range0.0100 - 0.0500
Volume19,390
Avg. Volume92,626
Market Cap6.908M
Beta (5Y Monthly)1.73
PE Ratio (TTM)N/A
EPS (TTM)-0.2350
Earnings DateAug. 12, 2016 - Aug. 16, 2016
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Lupaka Secures Financing for Its Arbitration Claim Under The Canada-Peru Free Trade Agreement

    VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) reports that it has entered into an Arbitration Funding Agreement with Bench Walk Advisors (“BWA”) to support the Company’s arbitration claim against the Republic of Peru under the 2009 Canada-Peru Free Trade Agreement (“FTA”; see also the Company’s news release of 16 December 2019). The Agreement allows for up to USD$4.1 million to support the arbitration and related costs. All monies to be advanced by BWA are non-recourse and are only repayable upon completion of a successful claim where monies are recovered. As such, the financing is non-dilutive to current Lupaka shareholders. Precise terms of the Arbitration Funding Agreement (other than those set out herein) are confidential.The Company’s dispute arises out of certain acts and omissions of the Republic of Peru in breach of the FTA and international law relating to the Company’s investment in the Invicta gold mine project (the “Invicta Gold Project”). The Invicta Gold Project is located in Huaura Province, approximately 120 kilometres north of Lima. In October 2018, the Community of Parán erected an illegal blockade (the “Parán Blockade”) which prevented any access by company advisors and staff to the Invicta Gold Project. The Company had begun its planned shipments from the mine to third-party processing plants in the third quarter of 2018 but had to suspend such shipments as a result of the illegal Parán Blockade. Without access to the Invicta Gold Project site, Lupaka Gold was unable to continue mining, shipping and processing the mined material. Despite numerous requests for assistance from the police force and local, state and federal Peruvian government officials, the requested assistance was not provided and the illegal blockade continued. Without the ability to ship and sell its product, Lupaka was unable to service the loan acquired to complete development and the start of commercial production, the lender foreclosed on the loan and Lupaka ultimately lost the project.On 12 December 2019 Lupaka delivered to the Peruvian Minister of Economy and Finance a Notice of Intent to Submit a Claim to Arbitration (“Notice of Intent”) in accordance with the FTA. The Notice of Intent is necessary in order to preserve the Company’s rights to initiate arbitration should a resolution with the Peruvian government not be reached. The filing of the Notice of Intent initiated a six-month consultation period between the parties during which time they are to attempt to amicably settle the dispute. Meetings between Peruvian government representatives and the Company and its arbitration lawyers, LALIVE, have taken place during this six month period but no resolution has been presented. The Company is now in a position to initiate international arbitration proceedings against Peru in accordance with the FTA.Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.About Lupaka Gold Lupaka is an active Canadian-based company focused on creating shareholder value through identification and development of mining assets.About Bench Walk Advisors Bench Walk Advisors is a global litigation funder with over USD 250m of capital deployed across in excess of 100 commercial cases. Bench Walk and its principals have consistently been ranked as leading lawyers and litigation funders in various global directories.About LALIVE LALIVE is an international law firm with offices in Geneva, Zurich and London, that specializes in international arbitration. The firm has extensive experience in international investment arbitration concerning mining and other natural resources and is representing investors and States as counsel worldwide.FOR FURTHER INFORMATION PLEASE CONTACT:Gordon Ellis, C.E.O. gellis@lupakagold.com Tel: (604) 985-3147 (ext 2)or visit the Company’s profile at www.sedar.com

  • GlobeNewswire

    Lupaka and PLI Execute Mutual Releases

    VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) -- Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) reports that it has executed a series of mutual releases (the “Release”) between the Company and its subsidiaries (together, the “Lupaka Parties”) and PLI Huaura Holdings L.P. (“PLI”), Invicta Mining Corp S.A.C. (“IMC”) and certain associated parties of PLI (the “PLI Parties”). As a result, all claims made or in the process of being made by the Lupaka Parties against the PLI Parties are deemed to be released and forever discharged from each and every one of the PLI Parties; and all claims made or in the process of being made by the PLI Parties against the Lupaka Parties are deemed to be released and forever discharged from each and every one of the Lupaka Parties. Further, it is understood and agreed by the Parties that the Release is a settlement of disputed claims, and does not constitute an admission of liability or wrongdoing on the part of any Party. Nor shall the Release constitute an admission by any Party of any fact or principle of law.A significant outcome of the Release to the Company is that the liability of ~$23 Million to PLI, which was reported by the Company in its financial filings for the period ended March 31, 2020, has been fully discharged by the PLI Parties and will be duly eliminated (effective July 22, 2020) in the Company’s upcoming financial filings.. Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.About Lupaka Gold Lupaka is an active Canadian-based company focused on creating shareholder value through identification and development of mining assets.FOR FURTHER INFORMATION PLEASE CONTACT:Gordon Ellis, C.E.O. gellis@lupakagold.com Tel: (604) 985-3147 (ext 2)or visit the Company’s profile at www.sedar.com

  • GlobeNewswire

    Lupaka Announces Grant of Incentive Stock Options

    VANCOUVER, British Columbia, June 22, 2020 -- Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) reports that effective June 22, 2020, the Company has.