Vancouver, British Columbia – September 18, 2024 – Lake Winn Resources Corp. (TSXV: LWR, FSE: EE1A) (the “Company”) announces, further to its news release dated August 23, 2024, that the Company is closing its non-brokered private placement (the “Offering”) of units of the Company (the “Units”). Each Unit was offered at a price of $0.05 per Unit for gross proceeds of $244,000. Each Unit consisted of one common share in the capital of the Company (a “Share”) and one Share purchase warrant (a “Warrant”), with each Warrant exercisable to purchase an additional Share (a “Warrant Share”) at an exercise price of $0.08 per Warrant Share for a period of 24 months after the date of issuance.
The Company closed tranche one of the Offering on June 14, 2024 (3,680,000 Units for gross proceeds of $184,000) and tranche two of the Offering on July 30, 2024 (1,200,000 Units for gross proceeds of $60,000). The Company is not proceeding with a third tranche.
All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. The Company used the full amount of the proceeds raised from the Offering to pay outstanding accounts payable.
About Lake Winn
Lake Winn Resources Corp. is a mineral exploration company focused on advancing the 100% owned Little Nahanni Pegmatite project located in the Northwest Territories near the Yukon Border. The project covers 9,682.5 hectares that includes a major portion of a 13 km-long, and up to 500 m wide, lithium, cesium, and tantalum pegmatite dyke swarm. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin.
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.
Patrick Power
President, CEO & Director
Lake Winn Resources Corp.
Telephone: (604) 218-8772
info@lakewinn.ca
www.lakewinn.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
