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An update from Lake Winn Resources ( (TSE:LWR) ) is now available.
Lake Winn Resources has issued 470,833 common shares at a deemed price of $0.06 and 297,368 common shares at a deemed price of $0.095 to AGORA Internet Relations as the fourth and fifth share-based installments under an advertising services agreement. These equity payments, totaling $50,000 plus taxes for each installment, complete the company’s obligations to AGORA and the new shares will be subject to a statutory four-month-plus-one-day hold period, modestly diluting existing shareholders while finalizing the cost of its investor relations campaign.
More about Lake Winn Resources
Lake Winn Resources Corp. is a Vancouver-based mineral exploration company focused on advancing its 100%-owned Little Nahanni Pegmatite project in Canada’s Northwest Territories near the Yukon border. The 9,682.5-hectare project covers a substantial portion of a 13-kilometre-long lithium, cesium and tantalum pegmatite dyke swarm with historic drilling and channel sampling confirming significant lithium, tantalum, cesium and tin mineralization.
Average Trading Volume: 361,285
Technical Sentiment Signal: Hold
Current Market Cap: C$2.53M
For a thorough assessment of LWR stock, go to TipRanks’ Stock Analysis page.