Lake Winn to close placement, ends Jaxon LOI

Executive Summary

• Lake Winn Resources Corp. extends its non‑brokered private placement to raise up to $650,000 by issuing up to 11,818,182 units at C$0.055 per unit.
• The first tranche is expected to close in the week of Aug. 18, 2025, subject to TSX‑V approval; the offering’s outside date has been pushed to August 2025.
• The previously announced binding letter of intent with Jaxon Mining Inc. for the Blunt Mountain property has been terminated without recourse as of Aug. 18, 2025, and trading is slated to resume in the week of Aug. 18.

Key Details

• Private Placement: Up to 11,818,182 units @ C$0.055 per unit → gross proceeds up to C$650,000.
• Closing Timeline: First tranche anticipated to close week of Aug. 18, 2025; final acceptance deadline extended to August 2025.
• Use of Proceeds: Net proceeds earmarked for exploration costs at the Little Nahanni project and general working capital.
• Finder’s Fees: Company may pay finder fees within TSX‑V policy limits.
• LOI Update: Binding LOI with Jaxon Mining Inc. (Blunt Mountain silver‑antimony‑gold‑lead‑zinc‑copper property) terminated on Aug. 18, 2025 per termination agreement.
• Trading Halt & Resumption: Stock was halted on July 24, 2025 due to potential fundamental acquisition; trading expected to resume week of Aug. 18, possibly as early as Wednesday, Aug. 20, 2025.

Notable Quotes

(No direct quotes provided in the release.)