Lake Winn Resources (TSE:LWR) has released an update.
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Lake Winn Resources Corp. has received an extension for completing its non-brokered private placement, aiming to raise up to $3.5 million by issuing 70 million units at $0.05 each. The first tranche has already secured $184,000, and a second tranche is expected soon, with each unit comprising a common share and a purchase warrant exercisable at $0.08. Proceeds from the placement will be directed towards the company’s Little Nahanni Pegmatite project, which has shown promising lithium, cesium, and tantalum deposits.
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