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First CVR Payment
VANCOUVER, BC / ACCESS Newswire / August 17, 2026 / Lupaka Gold Corp. ("Lupaka" or the "Company") (TSXV:LPK)(FRA:LQP) advises that the Company's directors have declared a first Contingent Value Right ("CVR") payment ("CVR Payment 1") to the holders ...
About this update from Lupaka Gold Corp.
VANCOUVER, BC / ACCESS Newswire / August 17, 2026 / Lupaka Gold Corp. ("Lupaka" or the "Company") (TSXV:LPK)(FRA:LQP) advises that the Company's directors have declared a first Contingent Value Right ("CVR") payment ("CVR Payment 1") to the holders of the 160,277,702 contingent value rights (the "CVR Holders"). First CVR Holder Payment and Timing The Company's directors have declared a first CVR Payment of USD0.109 per CVR, to be paid via Computershare Trust Company of Canada ("Computershare") within the next ten (10) business days. This payment will be made directly via cheque to Registered CVR Holders by Computershare, and in cash to Non-Registered CVR Holders via the intermediary securities framework, typically referred to as the indirect holding system. Securities intermediaries include central depositories (such as CDS, CEDE and DTS) and financial institutions (including broker-dealers, banks and trust companies). As noted on the Company's website (see https://lupakagold.com/arbitration/), CVR Payments made to non-resident Registered CVR Holders will be subject to a 25% withholding tax, unless the related CVR Holder is a tax resident of a sovereign country having a valid tax treaty with Canada and has provided the Company with a completed Form NR301 prior to the total CVR Holder payments being forwarded to Computershare. Determination of the CVR Payment 1 Amount As announced on August 4, 2026, the Company accepted a 2-step payment proposal from the Peru Government, resulting in the Company receiving 70% of the Base Award, equal to USD46,221,474, and 70% of the reimbursed Lupaka Costs, equal to USD3,211,721 from the Ministry of Energy and Mines. Both amounts include interest accrued to June 30, 2026. As set out in the June 2022 Contingent Value Rights Trust Indenture Agreement, the first CVR Payment amount has been determined by the Company's directors as follows: Less: amounts payable to the Company's arbitration financier (Bench Walk Advisors); legal and professional fees; accounts payables and accrued liabilities as of the Award date (June 30, 2025); the estimated costs of the first CVR distribution; withholding and distribution tax costs; and C$8 million retained by the Company for working capital and other corporate purposes. Second CVR Payment As previously announced, the remaining 30% of the Base Award, equal to USD19,809,203, and 30% of the Lu...