Lake Winn closes $291,000 first tranche of placement

Sep 12, 2025

2025-09-11 04:45 ET – News Release

Mr. Patrick Power reports

LAKE WINN CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release dated Aug. 25, 2025, Lake Winn Resources Corp. has closed the first tranche of its non-brokered private placement. The first tranche offering was composed of 5,290,909 units at a price of 5.5 cents per unit, for gross aggregate proceeds of $291,000.

Each unit consisted of one common share in the capital of the company and one share purchase warrant. Each warrant will be exercisable to purchase an additional share at an exercise price of eight cents per warrant share for a period of 24 months after the date of issuance.

In connection with the closing of the first tranche, the company paid certain cash finders’ fees of $15,620 and issued an aggregate of 284,000 broker warrants to an eligible finder in respect of subscriptions for units referred to by such finder. Each finder’s warrant is exercisable to acquire one additional share at an exercise price of eight cents per finder’s warrant share.

All securities issued in connection with the first tranche are subject to a statutory hold period expiring four months plus one day from Sept. 8, 2025.

The company intends to use the net proceeds from the offering for exploration costs related to the company’s Little Nahanni project and for general working capital and administrative expenses.

Closing additional tranches is subject to a number of prescribed conditions, including, without limitations, approval of the TSX Venture Exchange. The securities to be issued under the offering will be offered by way of private placement in the provinces of British Columbia, Alberta and Ontario and such other provinces or territories of Canada as may be determined by the company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the offering will be subject to a four-month hold period, which will expire four months and one day from the date of closing of the offering.

About Lake Winn Resources Corp.

Lake Winn is a mineral exploration company focused on advancing the 100-per-cent-owned Little Nahanni pegmatite project located in the Northwest Territories near the Yukon border. The project covers 9,682.5 hectares that include a major portion of a 13-kilometre-long and up-to-500-metre-wide lithium, cesium and tantalum pegmatite dike swarm. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium and tin.

We seek Safe Harbor.

https://www.lakewinn.ca/