On August 28, 2023, Blue Lagoon Resources Inc. closed the transaction. The transaction included participation from a director who have subscribed for 94,585 shares at an issue price of CAD 0.14 for the gross proceeds of CAD 13,241.9. The securities issued in connection with the private placement will be subject to a four-month hold period ending on December 29, 2023, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable.