Lake Winn increases, extends private placement

Executive Summary

• Lake Winn Resources Corp. upsized its non‑brokered private placement from a $400,000 to up to $650,000 maximum aggregate proceeds.
• The offering now includes up to 11,818,181 units at C$0.055 per unit, with an extended closing deadline of Jan. 27, 2026.
• Net proceeds are earmarked for exploration work on the Little Nahanni project and for general working capital and administrative expenses.

Key Details

• Original announcement: Dec. 8, 2025 – private placement of units at C$0.055 per unit.
• Upsized amount: Additional $250,000, raising maximum proceeds to $650,000.
• Units offered: Up to 11,818,181 units (each unit = 1 common share + 1 warrant).
• Warrant terms: Each warrant exercisable at C$0.08 per share for 24 months from issuance.
• Extension: Price protection and closing deadline extended to Jan. 27, 2026, with TSX‑V approval.
• First tranche closing: Dec. 10, 2025 – 1,222,728 units sold for gross proceeds of $67,250.04.
• Use of proceeds: Exploration expenditures on the Little Nahanni pegmatite project; general working capital and administrative expenses.

Notable Quotes

(No executive quotes provided in the release.)