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Blue Lagoon Resources has successfully completed an oversubscribed non-brokered private placement offering, issuing 3,549,998 units at $0.11 per unit for total proceeds of $390,500. Each unit includes one common share and one transferrable warrant, with warrants exercisable at $0.14 per share until October 30, 2026. The proceeds will be used for working capital and general corporate purposes. The securities are subject to a four-month hold period ending March 1, 2025, and will not be registered under the U.S. Securities Act.
Blue Lagoon Resources ha completato con successo un’offerta di collocamento privato non mediato, sovrascritta, emettendo 3.549.998 unità a $0.11 per unità, per un totale di $390.500. Ogni unità include una azione comune e un warrant trasferibile, con warrants esercitabili a $0.14 per azione fino al 30 ottobre 2026. I proventi saranno utilizzati per il capitale circolante e scopi aziendali generali. I titoli sono soggetti a un periodo di blocco di quattro mesi che terminerà il 1 marzo 2025 e non saranno registrati ai sensi della legge sui titoli degli Stati Uniti.
Blue Lagoon Resources ha completado con éxito una oferta de colocación privada no mediada, sobresuscrita, emitiendo 3.549.998 unidades a $0.11 por unidad, con un total de $390.500. Cada unidad incluye una acción ordinaria y una opción transferible, con opciones ejercitables a $0.14 por acción hasta el 30 de octubre de 2026. Los ingresos se utilizarán para capital de trabajo y fines corporativos generales. Los valores están sujetos a un período de retención de cuatro meses que finalizará el 1 de marzo de 2025, y no se registrarán bajo la Ley de Valores de EE. UU.
블루 라군 리소스는 성공적으로 중개되지 않은 사모 배정 공모를 완료하였으며, 3,549,998 개의 유닛을 개당 $0.11에 발행하여 총 수익 $390,500을 달성하였습니다. 각 유닛에는 하나의 보통주와 하나의 양도 가능한 워런트가 포함되어 있으며, 워런트는 2026년 10월 30일까지 주당 $0.14에 행사할 수 있습니다. 수익금은 운영 자본 및 일반 기업 목적에 사용될 예정입니다. 이 증권은 2025년 3월 1일 종료되는 4개월 보유 기간의 적용을 받으며, 미국 증권법에 따라 등록되지 않습니다.
Blue Lagoon Resources a réussi à compléter une offre de placement privé non-intermédiaire, sursouscrite, émettant 3.549.998 unités à 0,11 $ par unité, pour un produit total de 390.500 $. Chaque unité comprend une action ordinaire et un bon de souscription transférable, les bons étant exerçables à 0,14 $ par action jusqu’au 30 octobre 2026. Les produits seront utilisés pour le fonds de roulement et à des fins d’entreprise générale. Les titres sont soumis à une période de blocage de quatre mois se terminant le 1er mars 2025 et ne seront pas enregistrés selon la loi américaine sur les valeurs mobilières.
Blue Lagoon Resources hat erfolgreich ein überzeichnetes, nicht vermittelte Privatplatzierung angeboten und 3.549.998 Einheiten zu je 0,11 $ pro Einheit ausgegeben, was Gesamtmittel von 390.500 $ ergibt. Jede Einheit umfasst eine Stammaktie und ein übertragbares Kaufrecht, wobei die Kaufrechte bis zum 30. Oktober 2026 zu einem Preis von 0,14 $ pro Aktie ausgeübt werden können. Die Erlöse werden für Betriebskapital und allgemeine Unternehmenszwecke verwendet. Die Wertpapiere unterliegen einer viermonatigen Haltefrist, die am 1. März 2025 endet, und werden nicht gemäß dem US-Wertpapiergesetz registriert.
Positive
- Successfully raised $390,500 through oversubscribed private placement
- Warrants provide potential additional funding if exercised at $0.14 per share
Negative
- Share dilution through issuance of 3,549,998 new units
- Additional potential dilution if warrants are exercised
Not for distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, BC / ACCESSWIRE / October 29, 2024 / Blue Lagoon Resources Inc. (the “Company“) (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce that the non-brokered private placement offering (the “Offering“) previously announced by the Company on October 17, 2024, was oversubscribed and, as a result, the Company has now closed the Offering by issuing 3,549,998 units (the “Units“) at a price of $0.11 per Unit for aggregate gross proceeds of $390,500.
Each Unit consists of one common share in the capital of the Company and one transferrable common share purchase warrant (a “Warrant“). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.14 per share until October 30, 2026.
The proceeds raised from the Offering are expected to be used for working capital and general corporate purposes. The securities issued under the Offering are subject to a four month hold period expiring on March 1, 2025, in accordance with applicable Canadian securities laws.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.
For further information, please contact:
Rana Vig
President and Chief Executive Officer
Telephone: 604-218-4766
Email: rana@ranavig.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Blue Lagoon Resources Inc.
View the original press release on accesswire.com
FAQ
How much did Blue Lagoon Resources (BLAGF) raise in its October 2024 private placement?
Blue Lagoon Resources raised $390,500 through an oversubscribed private placement by issuing 3,549,998 units at $0.11 per unit.
What are the terms of the warrants issued in Blue Lagoon’s (BLAGF) October 2024 private placement?
Each warrant entitles the holder to purchase one additional common share at $0.14 per share until October 30, 2026.
When does the hold period expire for Blue Lagoon’s (BLAGF) October 2024 private placement securities?
The securities issued under the private placement have a four-month hold period expiring on March 1, 2025.
