Not for distribution to United States Newswire Services or for dissemination in the United States Demonstrates Great Confidence in Dome Mountain Project
Blue Lagoon Resources Inc. is pleased to announce that the Company has closed a non-brokered, oversubscribed, private placement offering of 7,857,857 common shares of the Company at a price of $0.14 per share for gross proceeds of $1,100,100 , with more than 90% of the offering taken by the Company's toll milling partner, Nicola Mining Inc., that operates a state of the art milling facility in Merritt, B.C. The Dome Mountain Gold / Silver Project is an all-year road accessible project located a short 50-minute drive from Smithers B.C., that holds both an Environmental Management Act Permit and a Mining Permit providing for up...