it might be time to buy. Pat ready to pump this peice LAKE WINN ANNOUNCES ADVERTISING AGREEMENT WITH AGORACOM
Vancouver, British Columbia – August 8, 2024 – Lake Winn Resources Corp. (TSXV: LWR, FSE: EE1A) (the “Company”) wishes to announce that it has entered into an advertising agreement (the “Advertising Agreement”) with AGORA Internet Relations Corp. (“Agora”) to provide online advertising, marketing and branding services (the “Services”) as of August 1, 2024. In settlement of the Services provided by Agora, the Company will issue common shares in the capital of the Company (“Shares”) pursuant to a shares for services program ending on July 31, 2025 (the “Shares for Services”).
The Advertising Agreement includes numerous deliverables that will raise awareness of the Company among small cap investors and include services such as search engine and social media programs, digital interviews and videos, sponsorship on Agora’s online platforms, and additional benefits.
Pursuant to the Shares for Services program, the Company will issue Shares to Agora in five different installments over the term of the Advertising Agreement. The deemed price of the Shares to be issued will be determined after the date the Services are provided to the Company and will be calculated using the closing price of the Shares on the TSX Venture Exchange (the “TSXV”) on such date.
The Company will pay a total fee of $125,000 + HST. The Company is issuing Shares in respect of the Advertising Agreement as follows:
• $25,000 + HST upon commencement on August 15, 2024;
• $25,000 + HST at the end of the third month ending November 1, 2024;
• $25,000 + HST at the end of the sixth month ending February 1, 2025;
• $25,000 + HST at the end of the ninth month ending May 1, 2025; and
• $25,000 + HST at the end of term on July 31, 2025.
Each of the aforementioned issuances are subject to the approval of the TSXV. All Shares issued in connection with the Shares for Services will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.
About Lake Winn
Lake Winn Resources Corp. is a mineral exploration company focused on advancing the 100% owned Little Nahanni Pegmatite project located in the Northwest Territories near the Yukon Border. The project covers 9682.5 hectares that includes a major portion of a 13 km-long, and up to 500 m wide, lithium, cesium, and
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tantalum pegmatite dyke swarm. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin.
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.
Patrick Power
President, CEO & Director Lake Winn Resources Corp.
Telephone: (604) 218-8772
info@lakewinn.ca
www.lakewinn.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements: Certain statements in this news release are “forward-looking statements” which reflect the Company’s current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “estimates”, “predicts” or “likely”, or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation, delays resulting from or inability to obtain applicable regulatory approval for the Shares for Services program are forward- looking statements that involve various risks and uncertainties. Investors should not place undue reliance on forward-looking information. Important factors that could cause actual results to differ materially from the Company’s expectations include actual exploration results, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The forward-looking information contained herein is made as of the date hereof and is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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