Business
Lake Winn Resources Corp. Announces Conditional Approval of NEX Reactivation
(TheNewswire) Vancouver, British Columbia – TheNewswire - March 30, 2023 &#x...
About this update from Lake Winn Resources Corp.
[{"type":"text","content":"Lake Winn Resources Corp. Announces Conditional Approval of 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, British Columbia –\n \n \n TheNewswire -\n \n \n March 30, 2023 –\n \n \n Lake Winn Resources Corp.\n \n \n (\n \n \n TSXV:\n \n \n LWR.H\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:EQTXF) (the “\n \n \n Company\n \n \n ”) is pleased to announce that it has\nreceived conditional approval from the TSX Venture Exchange (the\n“\n \n \n Exchange\n \n \n ”) of its application to graduate from the NEX board of the\nExchange to Tier 2 of the Exchange as a Tier 2 Mining Issuer (the\n“\n \n \n Reactivation\n \n \n ”).\n \n \n \n \n The Reactivation is subject to certain conditions which\nthe Company must meet, including completion of a private placement,\nfirst announced in a news release dated March 27, 2023 (the\n“\n \n \n Concurrent\nFinancing\n \n \n ”). The Concurrent Financing will\nconsist of up to 4,200,000 Units (the “\n \n \n Units\n \n \n ”) at a price\nof $0.06 per Unit for proceeds of up to $252,000. Each Unit will\nconsist of one common share in the capital of the Company (a\n“\n \n \n Share\n \n \n ”) and one common share purchase warrant (a “\n \n \n Warrant\n \n \n ”). Each\nWarrant entitles the holder thereof to purchase one additional Share\nat a price of $0.09 per Share for a period of 12 months from the date\nof issuance.\n \n \n \n \n Closing of the Reactivation and the Concurrent\nFinancing is subject to a number of conditions, including receipt of\nall necessary corporate and regulatory approvals.\n \n \n \n \n About Lake Winn\n \n \n \n Lake Winn Resources Corp. is a Vancouver based lithium and gold\ncompany based on exploration and development of lithium and gold\nprojects in Canada.\n \n The Company’s flagship property,\n \n \n Li Property\n \n \n which hosts the\n \n \n Little Nahanni Pegmatite Group (LNPG)\n \n \n lithium-cesium-tantalum (\n \n \n LCT\n \n \n ) pegmatite dykes\nthat have been traced for over 13km with an exposed strike length and\nup to 500m width.\n \n \n \n The company’s gold property, the Cloud Property is in the province\nof Manitoba, in the Flin Flon Gold Belt appr...