Lupaka Gold Reports Financial Highlights for the Period Ended June 30, 2016

About this update from Lupaka Gold Corp.

[{"type":"text","content":"Lupaka Gold Reports Financial Highlights for the Period Ended June 30, 2016VANCOUVER, BC / ACCESSWIRE / August 30, 2016 / Lupaka Gold Corp. (TSXV: LPK) (FSE: LQP) (\"Lupaka Gold\" or \"the Company\") reports its financial results for the six months ended June 30, 2016. \nThe following is taken from the Company's condensed consolidated interim Financial Statements and Management's Discussion and Analysis for the six months ended June 30, 2016, both of which are filed at www.sedar.com under the Company's profile. \nNotable events - the Company's events of note for the six months ended June 30, 2016 and to date are as follows:\n\n \n On August 25, 2016, the Company announced the appointment of Lucio Pareja to its Board. Lucio brings to the Board his extensive experience in the development and ongoing operations of producing underground and open pit mines in Peru. The Company also announced that the Board had accepted the resignation of director Jaime Pinto;\n \n \n On June 30, 2016, the Company announced that it had:\n \n \n executed a definitive Pre-Paid Forward Gold Purchase Agreement with PLI Huaura Holdings LP (\"PLI Financing\"), a limited partnership organized under the laws of British Columbia, to fund the completion of development and initiate production at the Invicta Gold Project, upon the Company's completion of certain conditions precedent;\n \n \n \n \n completed a bridge loan financing for gross proceeds of $750,000 with a group of third-party individuals (83%) and Insiders of the Company (17%). The Company paid $8,100 cash in finders' fees and $16,300 in other costs in connection with third-party investors; and\n \n \n \n \n On February 22, 2016 the Company announced that it had completed a non-brokered private placement of common shares for total gross proceeds of $419,500 (see \"Outstanding Share Data\" below for additional details) and completed its second run-of-mine bulk test of 532 tonnes, achieving total recoveries of 87.52% for Gold, 91.18% for Silver and 91.52% for Copper;\n \n\nSummarized Financial Highlights - all amounts are in Canadian Dollars unless otherwise stated:\n\n \n \n \n \n Six months ended June 30\n \n \n \n \n 2016\n ($000's)\n 2015\n ($000's)\n \n \n Operating expenses \n \n \n \n \n \n \n Exploration\n 704\n 1,804\n \n \n General and administration\n 280\n 603\n \n \n \n \n \n \n \n \n \n \...

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