Lake Winn Resources Corp. announced a non-brokered private placement of up to 70,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 3,500,000 on May 23, 2024. Each Unit will consist of one common share in the capital of the company and one share purchase warrant.

Each Warrant will be exercisable to purchase an additional share at an exercise price of CAD 0.08 per warrant share for a period of 24 months after the date of issuance. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.

The company may pay finder's fees on the Offering within the amount permitted under the policies of the TSX Venture Exchange.