Lake Winn Announces Effective Date of Share Consolidation
LAKE WINN ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
Vancouver, British Columbia – October 16, 2024 – Lake Winn Resources Corp. (TSXV: LWR, FSE:
EE1A) (the “ Company”) announces that further to its news release dated October 11, 2024 the
Company will implement the consolidation of its common shares in the capital of the Company (the
“Shares”) on the basis of ten (10) pre -consolidation Common Shares for every one (1) post -
consolidation Common Share (the “Consolidation”) effective as of October 21, 2024.
The name of the Company will remain unchanged after the Consolidation. The new CUSIP number
will be 511305203 and the new ISIN number will be CA5113052032 for the post -Consolidation
Shares.
Following the Consolidation, the Company will have approximately 7,524,332 Common Shares
issued and outstanding, subject to rounding for fractional Shares.
No fractional Shares will be issued in connection with the Consolidation. In the event a holder of
Shares would otherwise be entitled to receive a fractional Share in connection with the
Consolidation, the fractional Share will be cancelled if it is less than one-half (1/2) of a Share and will
be changed to one whole Share if that fractional Share is equal to or greater than one-half (1/2) of a
Share.
The exercise or conversion price, and the number of Shares issuable under any of the Company’s
outstanding convertible securities, if any, will be proportionately adjusted upon the effectiveness of
the Consolidation.
Registered shareholders who hold physical Share certificates will receive a letter of transmittal
requesting that they forward pre- Consolidation Share certificates to the Company’s transfer agent,
Computershare Investor Services Inc. in exchange for new Share certificates representing Shares on
a post -Consolidation basis. Shareholders who hold their Shares through a broker or other
intermediary and do not have Shares registered in their own name will not be required to complete
a letter of transmittal.
LEGAL_45051546.1
About Lake Winn
Lake Winn Resources Corp. is a mineral exploration company focused on advancing the 100% owned
Little Nahanni Pegmatite project located in the Northwest Territories near the Yukon Border. The
project covers 9682.5 hectares that includes a major portion of a 13 km-long, and up to 500 m wide,
lithium, cesium, and tantalum pegmatite dyke swarm. The project has had historic drilling and
channel sampling that confirm significant lithium, tantalum, cesium, and tin.
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.
Patrick Power
President, CEO & Director
Lake Winn Resources Corp.
Telephone: (604) 218-8772
www.lakewinn.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequa cy or accuracy of
this release.
Forward-looking Statements: Certain statements in this news 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 identifi ed by
words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”,
“indicate”, “seek”, “believe”, “estimates”, “pr edicts” 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 subject
to a number of known and unknown risks, uncertainties, assumptions and other factors, including
without limitation, the completion of the Consolidation and the receipt of approval for the
Consolidation by the Exchange . Investors should not place undue relianc e on forward -looking
information. Important factors that could cause actual results to differ materially from the
Company’s expectations include actual exploration results, results of future resource estimates,
future metal prices, availability of capital and financing on acceptable terms, gener al economic,
market or business conditions, uninsured risks, regulatory changes, defects in title, availability of
personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays
in receiving government approvals, unanticipated environmental impacts on operations and costs to
remedy same, and other exploration or other risks detailed herein and from time to time in the filings
made by the Company with securities regulators. 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.