On December 29, 2022, Lake Winn Resources Corp. closed the transaction. The company issued 6,150,000 non-flow-through units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 307,500 in its final tranche.

The company has issued a total of 20,040,000 units for gross proceeds of CAD 1,002,000. TSX Venture has accepted for filing documentation with respect to the transaction. The transaction includes participation from 32 placees including participation from one placee for 200,000.