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Blue Lagoon Resources ( (TSE:BLLG) ) has issued an announcement.
Blue Lagoon Resources Inc. has successfully completed the first tranche of its non-brokered private placement, raising $597,500 through the issuance of 2,390,000 units. The funds will be used for working capital and general corporate purposes, while the company also plans to issue shares to preserve cash flow related to its Freegold property, indicating strategic financial management to support its operations.
More about Blue Lagoon Resources
Blue Lagoon Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in the extraction and production of precious metals, with a market focus on enhancing its mineral asset portfolio.
YTD Price Performance: 101.00%
Average Trading Volume: 111,634
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.44M
See more insights into BLLG stock on TipRanks’ Stock Analysis page.