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Lake Winn Announces Closing of Private Placement and Fulfillment of Conditions for NEX Reactivation
(TheNewswire) Vancouver, B C - TheNewswire - May 15, 2023 - Lake Winn R...
About this update from Lake Winn Resources Corp.
[{"type":"text","content":"Lake Winn Announces Closing of Private Placement and Fulfillment of Conditions for NEX Reactivation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B\n \n \n C\n \n \n -\n \n \n TheNewswire -\n \n \n May 15, 2023 -\n \n \n Lake\nWinn Resources Corp.\n \n \n (NEX:LWR.H\n \n \n )\n \n \n (\n \n \n OTC:EQTXF)\n \n \n (the “\n \n \n Company\n \n \n ”) is\npleased to announce that, further to its news releases dated March 27,\n2023, and March 29, 2023, it has closed its previously announced\nnon-brokered private placement (the “\n \n \n Offering\n \n \n ”) of units\nof the Company (the “\n \n \n Units\n \n \n ”) at a price of $0.06 per Unit.\nEach\n \n \n Unit\n \n \n consists\n \n \n of\n \n \n one\n \n \n common\n \n \n share\n \n \n in\n \n \n the\n \n \n capital\n \n \n of\n \n \n the\n \n \n Company\n \n \n (a\n \n \n “\n \n \n Share\n \n \n ”)\n \n \n and\n \n \n one\n \n \n common\n \n \n share purchase warrant (a\n“\n \n \n Warrant\n \n \n ”). Each Warrant entitles the holder thereof to purchase\none additional Share at a price of $0.09 per Share for a period of 12\nmonths from the date of\n \n \n issuance.\n \n \n \n \n The Offering consisted of 4,308,334 Units for aggregate\ngross proceeds of $258,500.04\n \n \n \n \n . All securities issued in\nconnection with the closing of the Offering are subject to a statutory\nhold period for four months plus a day in accordance with applicable\nsecurities legislation. The Offering remains subject to final approval\nfrom the TSX Venture Exchange (the “\n \n \n Exchange\n \n \n ”).\n \n \n \n \n Proceeds will be used in support of the Company’s\napplication to graduate from the NEX board of the Exchange to Tier 2\nof the Exchange as a Tier 2 Mining Issuer (the “\n \n \n Reactivation\n \n \n ”).\nWith the closing of the Offering, the Company has now fulfilled all\nconditions required for the Reactivation. The Company expects to be\ntransferred to Tier 2 of the Exchange and to have the “.H” symbol\nremoved from the Company’s ticker in the imminent future.\n \n \n \n \n About Lake Winn\n \n \n \n \n Lake Winn Resources Corp., is a Vancouver based lithium\ncompany, listed on the NEX Boar...