Blue Lagoon completes First Tranche of Private Placement

ID: 1555388
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(businesspress24) - Blue Lagoon completes First Tranche of Private Placement

This news release is not for distribution to U.S. newswire services for dissemination in the United States.

Vancouver, BC - January 21, 2020 - Blue Lagoon Resources Inc. (the Company), (CSE:BLLG - WKN:A2PNJ8 - FWB:7BL - OTC:BLAGF) 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: +16042184766
Email: ranavig(at)gmail.com


About this press release:
In Germany this press release is brought to you by Rohstoffaktien.news - your German news platform for international commodity stocks. For more information visit https://akt.ie/ran-news.


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

Certain information contained herein constitutes forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the completion of due diligence, entering into a definitive agreement and completion of the joint venture with Mag One. Generally, forward-looking information can be identified by the use of forward-looking terminology such as intends, believes, plans to, expects or it is expected, or variations of such words and phrases or statements that certain actions, events or results will occur. Forward-looking statements are based on information as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, to be different, including due to: the receipt of all necessary regulatory approvals, the ability to complete share purchase, capital expenditures and other costs, and financing and additional capital requirements. Readers should not place undue reliance on forward-looking statements and forward-looking information. Blue Lagoon does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.






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Date: 01/22/2020 - 02:15
Language: English
News-ID 1555388
Character count: 2801
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Firma: Blue Lagoon Resources Inc.
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