Lupaka Gold Corp. (TSXV:LPK) announced a non-brokered private placement 2,000,000 common shares at a price of CAD 0.05 per share for the gross proceeds of up to CAD 100,000 on January 6, 2021. The shares will be subject to a four month hold period. Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase an additional common share at a price of CAD 0.10 for a period of three years from closing. The shares will be subject to a hold period expiring four months and one day from the closing date in accordance with applicable securities laws. The closing of the placement is subject to final acceptance by the TSX Venture Exchange. The company will pay no finders' fees in the transaction and no participation form insiders.