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Lupaka Gold Corp.

09:54 AM EST - Lupaka Gold Corp. : announced that it has completed the acquisition of the remaining 40% interest in Minera Pacacorral S.A.C., the Company's Peru subsidiary that holds the Crucero Gold Project. As a result, Lupaka Gold now indirectly owns 100% of the Crucero Gold Project. The Company acquired the remaining 40% interest in Minera Pacacorral S.A.C. from five Peruvian individuals for a total purchase price of $4 million U.S. in cash and 5.2 million Lupaka common shares at a deemed issue price of $1.00 U.S. per share, for a total purchase price of $9.2 million U.S. Lupaka Gold Corp. shares T.LPK are trading up $0.02 at $1.06.