$LAGBF 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
KELOWNA, BC / ACCESSWIRE / November 3, 2016 / Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt: LB6A.F) (the "Company" or "Laguna"
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is pleased to announce a second tranche closing of its it non-brokered private placement (the "Private Placement"
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. 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.
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