2024-07-30 16:40 ET - News Release

Mr. Patrick Power reports

LAKE WINN ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT OF UNITS

Further to its news releases dated May 23, 2024, June 14, 2024, and June 25, 2024, Lake Winn Resources Corp. has closed the second tranche of a non-brokered private placement raising gross proceeds of $60,000 through the issuance of 1.2 million units of the company at a price of five cents per unit.

Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant is exercisable to purchase an additional share at an exercise price of eight cents per warrant share until July 30, 2026. 

The securities issued pursuant to the offering will be subject to a regulatory hold period ending Dec. 1, 2024.

The company additionally wishes to announce that it expects to close a third tranche of the offering in due course. The company has received an extension from the TSX Venture Exchange to close the offering until Aug. 29, 2024.

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 and up-to-500-metre-wide lithium/cesium/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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