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30.06.25 - 14:15
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Blue Lagoon Announces Major Steps Toward Production: Fully Funded, Government Inspections Passed, and Water Treatment Plant Completed (The Newswire)
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June 30, 2025 – TheNewswire - Vancouver, British Columbia – Blue Lagoon Resources Inc. (the “Company”) (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to provide a corporate update highlighting significant progress at its Dome Mountain Gold Project as it prepares to enter production in a strong gold market.
“We are fully funded, fully permitted, and now entering the final stages of mine readiness — with no short-term debt, multiple successful government inspections, and a water treatment plant that has now been completed,” said Rana Vig, President and CEO. “The confidence shown by our institutional investors, along with new strategic backing and the recently signed $2 million line of credit — not secured against our property — from Nicola Mining, gives us the flexibility to fund mining and development without delay. We're ready — and we're moving quickly toward cash flow.”
FULLY FUNDED WITH STRONG BACKING AND NO DEBT
Blue Lagoon recently completed a successful non-brokered financi...
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23.06.25 - 14:01
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Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production (The Newswire)
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June 23, 2025 – TheNewswire - Vancouver, British Columbia – Blue Lagoon Resources Inc. (the “Company”) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has entered into a credit agreement with its toll milling partner, Nicola Mining Inc., providing the Company with a $2 million line of credit, without any security against the Company's mineral property or physical assets.
The facility, which carries a competitive interest rate linked to the 3-month SOFR (Secured Overnight Financing Rate), is repayable over a 12-month term with interest-only payments during the first eleven months. At the Company's discretion, the loan can be extended for an additional 12 months, with adjusted terms.
Importantly, the loan is structured to allow maximum operational flexibility, with no requirement for project collateralization — underscoring Nicola's confidence in the Dome Mountain Gold Project and its near-term production trajectory.
“We're extremely pleased to have the continued support o...
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29.04.25 - 21:45
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Blue Lagoon Closes Final Tranche Of Financing - Fully Funded To Commence Production (The Newswire)
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April 29, 2025 – TheNewswire – Vancouver, British Columbia – Blue Lagoon Resources Inc. (the “Company”) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has completed the final tranche of its previously announced private placement financing (see news releases dated February 24 and March 31, 2025) by issuing 8,900,000 units (“Units”) at a price of $0.25 per Unit for gross proceeds of $2,225,000 (the “Offering”). This brings the total proceeds raised across four tranches to $4,871,750.
The final tranche was subscribed for entirely by existing shareholders and strategic investors, including Crescat Capital and Nicola Mining, both of whom increased their positions in the Company. The Offering was met with strong demand and was oversubscribed.
Rana Vig, President and CEO, commented:
"This overwhelming support — especially from highly sophisticated shareholders like Crescat and Nicola — signals tremendous confidence in Blue Lagoon's future. We are now fully funde...
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18.03.25 - 00:15
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Blue Lagoon Completes Second Tranche of Private Placement - Crescat Capital, Phoenix Gold Fund and Nicola Mining Increase Their Positions. (The Newswire)
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March 17, 2025– Vancouver, British Columbia – TheNewswire - Blue Lagoon Resources Inc. (the “Company”) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has closed a second tranche of its previously announced non-brokered private placement (the “Offering”), bringing the total funds raised across both tranches to $1,297,500.
In this second tranche, the Company issued 2,800,000 units (the “Units”) at a price of $0.25 per Unit, raising gross proceeds of $700,000.
The financing saw continued participation from key institutional investors and stakeholders, including Crescat Capital LLC, Phoenix Gold Fund, and the Company's toll milling partner, Nicola Mining, all of whom have previously invested in Blue Lagoon. This marks Crescat's fifth investment in the Company over the past three years, further validating its confidence in Dome Mountain's potential, while Phoenix Gold Fund and Nicola Mining's increased participation underscores their ongoing belief and support f...
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17.03.25 - 21:15
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Blue Lagoon Completes Second Tranche of Private Placement - Crescat Capital, Phoenix Gold Fund and Nicola Mining Increase Their Positions (The Newswire)
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February 17, 2025– Vancouver, British Columbia – TheNewswire - Blue Lagoon Resources Inc. (the “Company”) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has closed a second tranche of its previously announced non-brokered private placement (the “Offering”), bringing the total funds raised across both tranches to $1,297,500.
In this second tranche, the Company issued 2,800,000 units (the “Units”) at a price of $0.25 per Unit, raising gross proceeds of $700,000.
The financing saw continued participation from key institutional investors and stakeholders, including Crescat Capital LLC, Phoenix Gold Fund, and the Company's toll milling partner, Nicola Mining, all of whom have previously invested in Blue Lagoon. This marks Crescat's fifth investment in the Company over the past three years, further validating its confidence in Dome Mountain's potential, while Phoenix Gold Fund and Nicola Mining's increased participation underscores their ongoing belief and support f...
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