{"id":16939,"date":"2025-04-16T21:53:33","date_gmt":"2025-04-16T21:53:33","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/04\/16\/blue-lagoon-announces-final-tranche-of-private-placement\/"},"modified":"2025-04-16T21:53:33","modified_gmt":"2025-04-16T21:53:33","slug":"blue-lagoon-announces-final-tranche-of-private-placement","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/04\/16\/blue-lagoon-announces-final-tranche-of-private-placement\/","title":{"rendered":"Blue Lagoon Announces Final Tranche Of Private Placement"},"content":{"rendered":"<\/p>\n<div>\n<p> (TheNewswire) <\/p>\n<div>\n<\/div>\n<p>April 16, 2025 Vancouver, British Columbia TheNewswire \u2013 Blue Lagoon Resources Inc. (the \u2018 Company \u2018) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it will be completing a final tranche of its previously announced private placement financing (see news releases Feb 24 and March 31) by issuing up to 7,200,000 units (\u2018 Units \u2018) at a price of $0.25 per Unit for gross proceeds of up to $ 1,800,000 (the \u2018 Offering \u2018). The Offering is in addition to the $2,646,750 raised across three previous tranches for a total of $4,446,750 to be raised by the Company.<\/p>\n<p><span> The final tranche is being taken up entirely by existing shareholders and strategic investors who support the Company\u2019s vision as it transitions into production. <\/span><\/p>\n<p><span> Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share of the Company at an exercise price of $0.35 per share <\/span><span> for period of two years from the date of issuance <\/span><span> . <\/span><\/p>\n<p><span> Proceeds of the Offering will be used mainly towards finishing the company\u2019s water treatment plant at its Dome Mountain Gold Project that received its mining permit on Feb 6, 2025, as well as initial working capital for starting mining operations summer 2025. <\/span><span> The common shares will be subject to a hold period expiring four months and one day from the date of issuance. <\/span><span> The Offering is subject to acceptance by the Canadian Securities Exchange. <\/span><\/p>\n<p><span> About Blue Lagoon Resources Inc. <\/span><\/p>\n<p><span>Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full <\/span><span><span> mining permit, <\/span><\/span><span> a key milestone achieved in February 2025 \u2013 one of only nine such permits issued in British Columbia since 2015 \u2013 Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting <\/span><span><span> Q3 2025 <\/span><\/span><span> as the start of gold <\/span><span><span> production <\/span><\/span><span> . The Company\u2019s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities. <\/span><\/p>\n<p><span> The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. \u00a0The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study. <\/span><\/p>\n<p><span> For <\/span><span> further <\/span><span> information, <\/span><span> please <\/span><span> contact: <\/span><\/p>\n<p><span> Rana <\/span><span> Vig <\/span><\/p>\n<p><span> President <\/span><span> and <\/span><span> Chief <\/span><span> Executive <\/span><span> Officer <\/span><span> Telephone: <\/span><span> 604-218-4766 <\/span><\/p>\n<p><span> Email: <\/span><span><span> ranavig@bluelagoonresources.com <\/span><\/span><\/p>\n<p><span> The <\/span><span> CSE <\/span><span> has <\/span><span> not <\/span><span> reviewed <\/span><span> and <\/span><span> does <\/span><span> not <\/span><span> accept <\/span><span> responsibility <\/span><span> for <\/span><span> the <\/span><span> adequacy <\/span><span> or <\/span><span> accuracy <\/span><span> of <\/span><span> this <\/span><span> release. <\/span><\/p>\n<p><span> Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed \u2018forward-looking statements\u2019. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the \u2018Company\u2019) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words \u2018expects\u2019, \u2018targets\u2019, \u2018plans\u2019, \u2018anticipates\u2019, \u2018believes\u2019, \u2018intends\u2019, \u2018estimates\u2019, \u2018projects\u2019, \u2018potential\u2019, \u2018mine\u2019, \u2018production\u2019 and similar expressions, or that events or conditions \u2018will\u2019, \u2018would\u2019, \u2018may\u2019, \u2018could\u2019 or \u2018should\u2019 occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. \u00a0Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company\u2019s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management\u2019s, contractor\u2019s and consultants\u2019 beliefs, estimates or opinions, or other factors, should change. <\/span><\/p>\n<p><span> Not for distribution to United States Newswire Services or for dissemination in the United States <\/span><\/p>\n<p> Copyright (c) 2025 TheNewswire \u2013 All rights reserved. <\/p>\n<\/p>\n<\/div>\n<p>News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(TheNewswire) April 16, 2025 Vancouver, British Columbia TheNewswire \u2013 Blue Lagoon Resources Inc. (the \u2018 Company \u2018) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it will be completing a final tranche of its previously announced private placement financing (see news releases Feb 24 and March 31) by issuing up to 7,200,000 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":16940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=16939"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/16940"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=16939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=16939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=16939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}