Here's the NR, here's how it kicks off
Lupaka Gold and Andean American Announce Business Combination to Create a Peru Focused Gold Exploration CompanyVANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2012) - Lupaka Gold Corporation (TSX:LPK) ("Lupaka") and Andean American Gold Corp., (TSX VENTURE:AAG)(FRANKFURT:AQN) ("Andean American") are pleased to announce the signing of a Binding Letter of Intent (the "LOI") that provides for a combination of the two companies (the "Business Combination") to create a new Peru-focused gold exploration and development company. Under the terms of the Business Combination, Andean American shareholders will receive 0.245 shares of Lupaka for each share of Andean American owned, resulting in the shareholders of Andean American owning 45.27% of Lupaka upon the completion of the Business Combination.
Subscribers: Expect an update later this evening. We'll also be taking a good look at the numbers and what this deal means to LPK in the subscription IKN Weekly issue 166, out Sunday.