Lake Winn Resources arranges $700,000 private placement

Aug 26, 2025

2025-08-25 16:59 ET – News Release

Mr. Patrick Power reports

LAKE WINN ANNOUNCES PRIVATE PLACEMENT

Lake Winn Resources Corp. is conducting a non-brokered private placement of up to 12,727,273 units at a price of 5.5 cents per unit for gross proceeds of up to $700,000.

Each unit will consist 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.

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 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. The company may pay finders’ fees on the offering within the amount permitted under the policies of the TSX-V.

About Lake Winn Resources Corp.

Lake Winn Resources 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 includes 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 historical drilling and channel sampling that confirm significant lithium, tantalum, cesium and tin.

We seek Safe Harbor.

https://www.lakewinn.ca/