Lake Winn Resources Closes First Tranche of Non-Brokered Private Placement
September 11, 2025 — Leads & Copy — Lake Winn Resources Corp. has announced the closing of the first tranche of its non-brokered private placement. The tranche comprised 5,290,909 units at a price of $0.055 per unit, for gross aggregate proceeds of C$291,000.
Each unit consisted of one common share and one share purchase warrant. Each warrant is exercisable to purchase an additional share at an exercise price of $0.08 per share for 24 months after issuance. The company paid cash finders fees of $15,620 and issued 284,000 broker warrants to an eligible finder. Each finder’s warrant is exercisable to acquire one additional share at an exercise price of $0.08 per share.
All securities issued are subject to a statutory hold period expiring four months plus one day from Sept. 8, 2025. Net proceeds will be used for exploration costs related to the Little Nahanni project and for general working capital and administrative expenses.
Closing additional tranches is subject to TSX Venture Exchange approval. The securities will be offered by way of private placement in British Columbia, Alberta, and Ontario, pursuant to applicable exemptions from prospectus requirements under securities laws. Securities issued will be subject to a four-month hold period.
Patrick Power, President, CEO & Director Lake Winn Resources Corp. Telephone: (604) 218-8772 info@lakewinn.ca
Source: Lake Winn Resources Corp.
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