Lake Winn Announces Closing of Private Placement and Fulfillment of Conditions FOR Nex Reactivation
1111 Melville Street, 11th Floor
Vancouver, British Columbia Canada V6E 3V6
Tel: (604) 689-1799 / Fax: (604) 689-8199
LAKE WINN ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND FULFILLMENT OF
CONDITIONS FOR NEX REACTIVATION
Vancouver, British Columbia – May 15, 2023 – Lake Winn Resources Corp. (NEX: LWR.H, OTC: EQTXF)
(the “Company”) is pleased to announce that , further to its news release s dated March 27, 2023, and
March 29, 2023, it has closed its previously announced non-brokered private placement (the “Offering”)
of units of the Company (the “ Units”) at a price of $0.06 per Unit. Each Unit consists of one common
share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”).
Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.09 per Share
for a period of 12 months from the date of issuance.
The Offering consisted of 4,308,334 Units for aggregate gross proceeds of $ 258,500.04. All securities
issued in connection with the closing of the Offering are subject to a statutory hold period for four
months plus a day in accordance with applicable securities legislation . The Offering remains subject to
final approval from the TSX Venture Exchange (the “Exchange”).
Proceeds will be used in support of the Company’s application to graduate from the NEX board of the
Exchange to Tier 2 of the Exchange as a Tier 2 Mining Issuer (the “Reactivation”). With the closing of the
Offering, the Compa ny has now fulfilled all conditions required for the Reactivation. The Company
expects to be transferred to Tier 2 of the Exchange and to have the “.H” symbol removed from the
Company’s ticker in the imminent future.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based lithium company, listed on the NEX Board of the TSX
Venture Exchange (Symbol: LWR .H) focusing on exploration and development of lithium projects in
Canada. The Company’s Li Property which hosts the Little Nahanni Pegmatite Group (LNPG) lithium-
cesium-tantalum (LCT) pegmatite dykes that have been traced for over 13km. The property is located in
the North West Territories and is 37km northwest of the recently closed tungsten mine (Cantung). A gated
road that extends northwest from Cantung passes within 5km of the LNPG property.
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
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“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.”
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.”