Blue Lagoon Completes $1 Million Private Placement

Blue Lagoon Completes $1 Million Private Placement

ID: 606225

(firmenpresse) -
CSE: BLLG
FWB: 7BL
OTC: BLAGF

January 31, 2020 - Vancouver, British Columbia - Blue Lagoon Resources Inc. (the Company) (CSE: BLLG; FWB:7BL - WKN A2PNJ8; OTC: BLAGF) is pleased to announce that it has completed the second tranche of its non-brokered private placement (the Offering) described in its news release dated January 3, 2020. In connection with the second tranche closing, the Company issued 100,000 common shares at a price of $1.50 per share for gross proceeds of $150,000.

This $150,000 trance completes our previous closing of $850,000 at $1.50, bringing the total raised in this current round to exactly what was announced earlier this month - $1 Million at $1.50 per share, said Rana Vig, President and CEO.

The Company intends to use the funds to conduct mineral exploration work to advance its properties as well as for general working capital. The securities issued will be subject to a hold period expiring four months and one day from the date of issuance.

For further information, please contact:

Rana Vig -
President and Chief Executive Officer
Telephone: 604-218-4766
Email: rana(at)ranavig.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.







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Bereitgestellt von Benutzer: irw
Datum: 31.01.2020 - 09:28 Uhr
Sprache: Deutsch
News-ID 606225
Anzahl Zeichen: 1407

contact information:
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Wien



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Business News



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