Business
Blue Lagoon Completes Second Tranche of Private Placement - Crescat Capital, Phoenix Gold Fund and Nicola Mining Increase Their Positions.
(TheNewswire) March 17, 2025 – Vancouver, British Columbia – TheN...
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":"Blue Lagoon Completes Second Tranche of Private Placement - Crescat Capital, Phoenix Gold Fund and Nicola Mining Increase Their Positions.\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n March\n \n\n 17, 2025\n \n\n –\nVancouver, British Columbia –\n \n\n TheNewswire -\n \n\n Blue Lagoon Resources Inc. (the “Company”)\n(CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has\nclosed a\n \n\n\n second tranche\n \n\n\n of its previously announced non-brokered private placement\n(the “Offering”), bringing the total funds raised across both\ntranches to\n \n\n\n $1,297,500\n \n\n\n .\n \n\n\n\n In this second tranche, the Company issued\n \n\n\n 2,800,000 units (the “Units”) at a price of $0.25 per Unit,\nraising gross proceeds of $700,000\n \n\n\n .\n \n\n\n\n The financing saw\n \n\n\n continued participation from key\ninstitutional investors and stakeholders, including Crescat Capital\nLLC, Phoenix Gold Fund, and the Company’s toll milling partner,\nNicola Mining\n \n\n\n ,\n \n\n all of whom have previously invested in Blue\nLagoon.\n \n\n\n This marks Crescat’s fifth investment\nin the Company over the past three years, further validating its\nconfidence in Dome Mountain’s potential\n \n\n\n ,\n \n\n while Phoenix Gold\nFund and Nicola Mining’s increased participation underscores their\nongoing belief and support for the Company’s management and growth\nstrategy.\n \n\n\n\n “We are excited to see\n \n\n\n strong\nbacking from sophisticated investors llike Crescat Capital, Phoenix\nGold Fund, and Nicola Mining\n \n\n\n ,\n \n\n all of whom\nrecognize the value of\n \n\n\n Dome Mountain’s advancement towards\nproduction\n \n\n\n ,” said\n \n\n\n Rana\nVig,\n \n\n\n\n President &\n \n\n\n\n CEO of\nBlue Lagoon Resources\n \n\n\n . “These\ninvestments come at a transformative time, following the recent\ngranting of a\n \n\n\n mining permit for Dome\nMountain\n \n\n\n - one of only nine such permits\nissued in British Columbia since 2015. With this key milestone\nachieved, we are now laser focused on last preparatory activities and\ntasks related to the safe and secure opening of Dome Mountain,\nincluding finishing the installation of our water treatment facility\nwhich is on track to be com...