Lake Winn Resources arranges $400,000 private placement

Executive Summary

• Lake Winn Resources Corp. is undertaking a non‑brokered private placement of up to 7,272,727 units at C$0.055 per unit, targeting gross proceeds of up to $400,000.
• Each unit consists of one common share and one warrant exercisable at C$0.08 per share for 24 months after issuance.
• Net proceeds will be allocated to exploration work on the Little Nahanni project and to general working capital and administrative expenses.

Key Details

• Units Offered: Up to 7,272,727 units (each = 1 common share + 1 warrant).
• Price per Unit: C$0.055 (5.5 cents).
• Gross Proceeds Target: Up to $400,000 CAD.
• Warrant Terms: One warrant per unit; exercise price C$0.08 per share; exercisable for 24 months from issuance date.
• Use of Proceeds: Primarily for exploration expenditures on the Little Nahanni pegmatite project; remainder for general working capital and administrative expenses.
• Closing Conditions: Subject to TSX Venture Exchange approval and other prescribed conditions.
• Placement Geography: Private placement to purchasers in British Columbia, Alberta, Ontario, and potentially other Canadian provinces/territories under applicable securities law exemptions.
• Hold Period: Securities subject to a four‑month hold period, expiring four months and one day after the closing date.
• Finder’s Fees: Company may pay finder’s fees in accordance with TSX‑V policies.
• Cancellation of Prior Offering: The company confirms it will not proceed with additional tranches of the private placement announced on Aug. 25 2025; the first tranche closed on Sept. 10 2025.

Notable Quotes

(No direct quotes were provided in the release.)