Lupaka Gold Corp. reports that it has entered into an Arbitration Funding Agreement with Bench Walk Advisors (BWA) to support the Company's arbitration claim against the Republic of Peru under the 2009 Canada-Peru Free Trade Agreement.
The Agreement allows for up to USD$4.1 million to support the arbitration and related costs. All monies to be advanced by BWA are non-recourse and are only repayable upon completion of a successful claim where monies are recovered. As such, the financing is non-dilutive to current Lupaka shareholders. Precise terms of the Arbitration Funding Agreement (other than those set out herein) are confidential.