Blue Lagoon Completes First Tranche of Private Placement
ACCESS Newswire
22 Jan 2020, 02:31 GMT+10
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Blue Lagoon Resources Inc. (the 'Company') (CSE:BLLG)(OTCPINK:BLAGF)(FRANKFURT:7BL) is pleased to announce that it has completed the first tranche of its non-brokered private placement described in its news release dated January 3, 2020. In connection with the first tranche closing, the Company issued 566,666 common shares at a price of $1.50 per share for gross proceeds of $850,000.
The Company intends to use the funds to conduct mineral exploration work to advance its projects as well as for general working capital. The common shares 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: [email protected]
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Blue Lagoon Resources Inc.
View source version on accesswire.com:
https://www.accesswire.com/573729/Blue-Lagoon-Completes-First-Tranche-of-Private-Placement
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationFilmmaker joins biotech effort to bring back extinct giant bird
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
India seeks WTO nod for retaliatory tariffs on US
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
AI boom propels Nvidia to historic market cap milestone
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
AI saves $500 million for Microsoft as layoffs reshape strategy
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
FTC’s rule to ease subscription cancellations struck down by court
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
CDC: US records 1,288 measles cases, most since 1992 outbreak
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
Deadly July 4 flash floods renew alarm over NWS staffing shortages
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MLB roundup: Garrett Crochet tosses first shutout in Red Sox win
(Photo credit: Eric Canha-Imagn Images) In his 51st career start, Garrett Crochet accomplished two feats in one dominant outing:...
Tigers limping to break as they host Mariners in first-half finale
(Photo credit: Brad Mills-Imagn Images) The Detroit Tigers will head into the All-Star break with the best record in the majors,...
Mariners unload on offense to roll past Tigers 15-7
(Photo credit: Rick Osentoski-Imagn Images) Randy Arozarena had three hits, including a two-run homer, and scored four runs as the...
MLB roundup: Yanks bomb Cubs on Cody Bellinger's 3 HRs
(Photo credit: Wendell Cruz-Imagn Images) Cody Bellinger hit three homers for the first time in his career and drove in six runs,...
