Posted On: 11/03/2016 9:32:06 AM
Post# of 89138
$LAGBF 3rd news this week! Laguna Blends Over Subscribes Private Placement and Closes the Second Tranche of Private Placement for 5,537,800 Units for Total Proceeds of $1,384,450
http://finance.yahoo.com/news/laguna-blends-o...00677.html
KELOWNA, BC / ACCESSWIRE / November 3, 2016 / Laguna Blends, Inc. (CSE:LAG) (LAGBF) (Frankfurt:LB6A.F) (the "Company" or "Laguna"
is pleased to announce a second tranche closing of its it non-brokered private placement (the "Private Placement" . The second tranche closing consisted of the issuance of 5,537,800 units at a price of $0.25 per unit for gross proceeds of $1,384,450. Laguna oversubscribed the private placement for a total of $1,791,250. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.40 per warrant share for a period of twelve months.
All securities issued under the second tranche are subject to a hold period expiring four months and one day from the date of issuance. In connection with the private placement, the company paid a cash or shares finder's fee of up to seven per cent.
Bryan Loree, CFO of Laguna Blends said, "The demand of the Laguna private placement is a testament that Laguna is working hard to deliver shareholder value. The additional capital will ensure that Laguna can continue to deliver on its business strategy."
$LAG $LAGBF $LB6A.F #hemp #products #coffee #caffe #protein #beverage #CBD
http://finance.yahoo.com/news/laguna-blends-o...00677.html
KELOWNA, BC / ACCESSWIRE / November 3, 2016 / Laguna Blends, Inc. (CSE:LAG) (LAGBF) (Frankfurt:LB6A.F) (the "Company" or "Laguna"
is pleased to announce a second tranche closing of its it non-brokered private placement (the "Private Placement" . The second tranche closing consisted of the issuance of 5,537,800 units at a price of $0.25 per unit for gross proceeds of $1,384,450. Laguna oversubscribed the private placement for a total of $1,791,250. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.40 per warrant share for a period of twelve months. All securities issued under the second tranche are subject to a hold period expiring four months and one day from the date of issuance. In connection with the private placement, the company paid a cash or shares finder's fee of up to seven per cent.
Bryan Loree, CFO of Laguna Blends said, "The demand of the Laguna private placement is a testament that Laguna is working hard to deliver shareholder value. The additional capital will ensure that Laguna can continue to deliver on its business strategy."
$LAG $LAGBF $LB6A.F #hemp #products #coffee #caffe #protein #beverage #CBD
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