Laguna Blends, Inc. (LAGBF) Proposes Non-Brokered Private Placement
Earlier this week, Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) announced plans to complete a non-brokered private placement of 1,863,636 units priced at $0.11 for gross proceeds of $205,000. Each unit will include one share of the company’s Canadian Securities Exchange common stock, as well as one transferable share purchase warrant exercisable at $0.15 for a period of one year. Laguna plans to rely upon the ‘existing shareholder exemption’, as described in Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders, as well as other applicable exemptions. Proceeds from this offering are expected to be used…