Business
Lupaka Gold Reports Performance and Financial Highlights for the Period Ended September 30, 2015, and Grant of Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2015) - Lupaka Gold Corp. (TSXV:...
About this update from Lupaka Gold Corp.
[{"type":"text","content":"Lupaka Gold Reports Performance and Financial Highlights for the Period Ended September 30, 2015, and Grant of Incentive Stock OptionsVancouver, British Columbia--(Newsfile Corp. - November 16, 2015) - Lupaka Gold Corp. (TSXV: LPK) (BVL: LPK) (FSE: LQP) (\"Lupaka Gold\" or \"the Company\") reports performance highlights and financial results for the nine months ended September 30, 2015.The following is taken from the Company's Consolidated Financial Statements and Management's Discussion and Analysis for the nine months ended September 30, 2015, both of which are filed at www.sedar.com.Overall Performance The Company's events of note for the nine months ended September 30, 2015 and to date are as follows: On October 27, 2015, the Company announced that it had completed its first run-of-mine bulk test of 342 tonnes of mineralized rock from Invicta, achieving total recoveries of 83.6% for Gold and 95.5% for Copper; The Company announced a change in management on October 19, 2015 (see \"Personnel\" below for additional details); On September 28, 2015, the Company announced that it had completed the second of two tranches of a non-brokered private placement of common shares for total gross proceeds of $602,510; Over the May - August 2015 period, the Company made several announcements related to the mining of a bulk sample from within the Invicta Atenea Vein, to establish in-field metallurgical recoveries using a third- party toll mill in La Oroya, Peru; The Company announced on April 9, 2015 that it had received approval from the community of Lacsanga to proceed with development and other pre-production activities at the Invicta Gold Project which affect their community; On February 25, 2015, the Company announced that it had been granted a Certificate of Mining (\"COM\") permit for mining and development work activities at the Invicta Gold Project; and The Company announced on February 17, 2015 that its common shares would be delisted from the Toronto Stock Exchange after the close of trading that day and immediately listed on the TSX Venture Exchange with no interruption in trading. The decision to move to TSX.V was made to reduce the Company's costs of maintaining its listing and for greater flexibility as the Company pursues its growth strategy; Lupaka Gold's common shares trade in Canada on the TSX.V and in Peru on the Bolsa de...