Great Bear Resources

Blue Lagoon Completes Second Tranche Of Private Placement

VANCOUVER, BC / ACCESSWIRE / October 10, 2019 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTC:BLAGF) is pleased to announce that it has completed the second tranche of its non-brokered private placement (the "Offering") described in its news release dated September 16, 2019. In connection with the second tranche closing, the Company issued 250,000 common shares at a price of $1.00 per share for gross proceeds of $250,000.

The Company intends to use the funds to conduct mineral exploration work to advance its properties as well as for general working capital. The securities issued will be subject to a hold period expiring six months and one day from the date of issuance.

For further information, please contact:

Rana Vig
President and Chief Executive Officer
Telephone: 604-218-4766
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Blue Lagoon Resources Inc.

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