Lake Winn Resources Corp. announced a non-brokered private placement of up to 4,200,000 units at a price of CAD 0.06 per unit for proceeds of up to CAD 252,000 on March 27, 2023. Each unit will consist of one common share in the capital of the company and one common share purchase warrant.

Each Warrant entitles the holder thereof to purchase one additional share at a price of CAD 0.09 per Share for a period of 12 months from the date of issuance. The company may pay a finder's fee on the Offering within the amount permitted by the policies of the NEX Board of the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the Exchange.