Lake Winn Announces Closing of First Tranche
LAKE WINN RESOURCES CORP.
1111 Melville Street, 11th Floor
Vancouver, British Columbia Canada V6E 3V6
Tel: (604) 689-1799
LEGAL_40182941.1
LAKE WINN ANNOUNCES CLOSING OF FIRST TRANCHE
Vancouver, British Columbia – November 25, 2022 – Lake Winn Resources Corp. (NEX: LWR .H, OTC:
EQTXF) (the “Company”) is pleased to announce that, further to its news release dated October 28, 2022,
it has closed the first tranche of the previously announced non -brokered private placement (the
“Offering”) of units of the Company (the “Units”) at a price of $0.05 per Unit. Each Unit consists of one
common share in the capital of the Company (a “ Share”) and o ne common share purchase warrant (a
“Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.10
per Share for a period of 12 months from the date of issuance.
The first tranche closing of the Offering consisted of 13,890,000 Units for aggregate gross proceeds of
$694,500. All securities issued in connection with the first tranche of the Offering are subject to a
statutory hold period of fourth months plus a day in accordance with applicable securities legislation
ending on March 25, 2023. The Company is expecting to close second tranche mid next week.
The Company will use the proceeds of the Offering for ge neral corporate working capital and for
development of the Company’s lithium mining property.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based gold company, listed on the NEX Board of the TSX
Venture Exchange (Symbol: LWR.H) focusing on exploration and development of gold projects in Canada.
The company’s flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold
Belt approximately 40 kilometers north-east of the town of Flin -Flon. Access to the property is provided
by Manitoba highway 10 to the all- weather Kississing Lake Road. The company also has the Quartz
property 76 kilometres east of Flin Flon where there are historic high grade gold drill intercepts.
On Behalf of the Board of Directors of Lake Winn Resources Corp.
Patrick Power
CEO and Director
Lake Winn Resources Corp.
Telephone: (604) 218-8772
“Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Forward-looking Statements: Certain statements in this press release are "forward -looking statements" which
reflect the Company's current expectations and projections about future events and financial trends that it believes
might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these
forward-looking statements can be identified by words or phrases such as "may", "might", "will", "expect",
"anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "estimates", "predicts" or "likely", or the
negative of these terms, or other similar expressions intended to identify forward -looking statements. Whether
actual results, performance or achievements will conform to the Company's expectations and predictions is subjec t
to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation,
those risks and uncertainties discussed elsewhere on the website at www.prosmartinc.com and in the Company's
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filings on SEDAR. Investors s hould not place undue reliance on forward- looking information. The forward -looking
information contained herein is made as of the date hereof and is not obligated to update or revise any forward -
looking information, whether as a result of new information, future events or otherwise, except as required by
applicable securities laws.