Business
Lake Winn Resources Corp. announces Receipt of TSX Venture Exchange Approval in respect of Blueberry Lake Property Acquisition
(TheNewswire) Vancouver, British Columbia - TheNewswire - November 27 th ...
About this update from Lake Winn Resources Corp.
[{"type":"text","content":"Lake Winn Resources Corp. announces Receipt of TSX Venture Exchange Approval in respect of Blueberry Lake Property Acquisition\n \n \n (TheNewswire)\n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 27\n \n \n th\n \n \n , 2020 - Lake\nWinn Resources Corp. (\n \n \n TSXV:LWR\n \n \n )\n \n \n ,\n \n \n (\n \n \n Frankfurt:EEI\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:EQTXF\n \n \n ), (the\n\"\n \n \n Company\n \n \n \" or \"\n \n \n Lake\nWinn\n \n \n \"), is pleased to announce that further\nto its news release dated September 16, 2020, the Company has received\nfinal approval of the TSX Venture Exchange (the \"\n \n \n TSXV\n \n \n \") in\nrespect of the proposed acquisition of the Blueberry property (the\n\"\n \n \n Property\n \n \n \") from W.S. Ferreira Ltd. (the \"\n \n \n Vendor\n \n \n \") which\nis located near Blueberry Lake, Manitoba (the \"\n \n \n Transaction\n \n \n \").\n \n \n \n \n The Property is being acquired in consideration of: (i)\nthe issuance of 2,000,000 common shares of Lake Winn to the Vendor,\n(ii) a cash payment to the Vendor in the amount of $265,000 and (iii)\nthe issuance to the Vendor of a net smelter royalty of 2% on\nproduction generated on the Property which may be purchased by Lake\nWinn for a total cash payment to the Vendor in the amount of\n$1,000,000.\n \n \n \n Neither the TSX Venture Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the TSX Venture Exchange)\naccepts responsibility for the adequacy or accuracy of this release.\n \n \n \n The Company has agreed to pay a certain eligible third\nparty an aggregate cash finder's fee in the amount of $47,625 in\nconnection with the Transaction.\n \n \n \n All securities issued in connection with the Transaction will be\nsubject a statutory hold period of four months and one day from the\ndate of issuance, in accordance with applicable securities\nlegislation.\n \n \n \n For further information\ncontact\n \n \n :\n \n \n \n \n Patrick Power\n \n \n \n \n CEO and Director\n \n \n \n \n Lake Winn Resources Corp.\n \n Telephone: (604) 218-8772\n \n \n \n \n Cautionary Statement Regarding\n\"Forward-Looking\" Information\n \n \n \n \n Certain statements contained in this\npress release may constitute forward-looking statements. Such\nforward-looking statements are based upon ...