Blue Lagoon Resources Raises $2.6 Million through Private Placement
Vancouver, BC – March 31, 2025 – Blue Lagoon Resources Inc. (BLLG, 7BL, BLAGF), a mineral exploration company, has announced the successful completion of the third tranche of its non-brokered private placement, bringing the total funds raised to an impressive $2,646,750.
Details of the Third Tranche
In this latest tranche, the Company issued 5,397,000 Units at a price of $0.25 per Unit. Each Unit consists of one common share and one-half of one non-transferable share purchase warrant. The warrant entitles the holder to purchase one additional common share at a price of $0.35 until March 31, 2027.
Use of Proceeds
The net proceeds from this offering will be used primarily for exploration and development of the Company’s mineral properties, as well as for general working capital purposes.
Impact on Blue Lagoon Resources
With this significant capital infusion, Blue Lagoon Resources is well-positioned to advance its exploration projects and potentially discover new mineral deposits. The company’s management team remains optimistic about the future and looks forward to updating shareholders on their progress.
Global Impact
The mining industry plays a vital role in the global economy, contributing to the production of essential minerals and metals used in various industries. Blue Lagoon Resources’ successful private placement is a positive sign for the sector, indicating investor confidence in the potential for mineral discoveries and the economic benefits they bring.
Conclusion
Blue Lagoon Resources’ successful completion of the third tranche of its private placement, raising a total of $2.6 million, is a significant milestone for the company. With the funds secured, Blue Lagoon Resources can further its exploration efforts and potentially contribute to the global demand for essential minerals and metals.
- Blue Lagoon Resources raises $2.6 million through private placement
- Funds to be used for exploration and development of mineral properties
- Positive sign for the mining industry and investor confidence
