03:50:43 EST Tue 09 Dec 2025
Enter Symbol
or Name
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Lake Winn Resources Corp (2)
Symbol LWR
Shares Issued 14,833,442
Close 2025-12-08 C$ 0.06
Market Cap C$ 890,007
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Lake Winn Resources arranges $400,000 private placement

2025-12-08 16:57 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 7,272,727 units at a price of 5.5 cents per unit for gross proceeds of up to $400,000.

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 expenditures related to the company's Little Nahanni project as well as general working capital and administrative expenses.

Closing is subject to a number of prescribed conditions, including, without limitation, approval of the TSX Venture Exchange. The securities to be issued under the offering will be offered by way of private placement to purchasers 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 in accordance with the policies of the TSX-V.

Additionally, the company wishes to announce that it is no longer proceeding with a private placement announced on Aug. 25, 2025. The company closed a first tranche of the August private placement on Sept. 10, 2025, but will not be issuing additional tranches under the August private placement.

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, including a major portion of a 13-kilometre-long, 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.

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