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An update from Lake Winn Resources ( (TSE:LWR) ) is now available.
Lake Winn Resources Corp. has closed the first tranche of its previously announced non-brokered private placement, issuing 1,222,728 units at C$0.055 per unit for gross proceeds of approximately C$67,250. Each unit comprises one common share and one warrant exercisable at C$0.08 for 24 months, with related securities subject to a four-month-plus-one-day hold period and finder’s fees paid in cash and compensation warrants. The company plans to deploy the net proceeds to fund exploration work at its Little Nahanni Project and for general working capital and administrative costs, bolstering its efforts to advance a key lithium–cesium–tantalum asset in the Northwest Territories.
More about Lake Winn Resources
Lake Winn Resources Corp. is a Canadian mineral exploration company focused on advancing its 100%-owned Little Nahanni Pegmatite Project in the Northwest Territories near the Yukon border. The 9,682.5-hectare project covers a substantial portion of a 13 km-long, up to 500 m wide lithium, cesium, and tantalum pegmatite dyke swarm, with historic drilling and channel sampling confirming significant lithium, tantalum, cesium, and tin mineralization.
Average Trading Volume: 30,682
Technical Sentiment Signal: Sell
Current Market Cap: C$934.5K
For an in-depth examination of LWR stock, go to TipRanks’ Overview page.