Lake Winn Closes First Tranche of Non-Brokered Private Placement

Core Viewpoint - Lake Winn Resources Corp. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of C$291,000 through the issuance of 5,290,909 units at a price of $0.055 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one share purchase warrant, with the warrant exercisable at $0.08 for a period of 24 months [2]. - The company paid cash finders fees of $15,620 and issued 284,000 broker warrants, each exercisable at $0.08 [3]. - All securities issued are subject to a statutory hold period of four months plus one day from September 8, 2025 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration costs related to the Little Nahanni project and for general working capital and administrative expenses [5]. Group 3: Regulatory and Compliance - Closing of additional tranches is contingent upon approval from the TSX Venture Exchange and will be offered through private placement in specific Canadian provinces [6]. - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States unless registered or exempt [7]. Group 4: Company Overview - Lake Winn Resources Corp. is focused on advancing the Little Nahanni Pegmatite project, which spans 9,682.5 hectares and includes a significant lithium, cesium, and tantalum pegmatite dyke swarm [9].