Nikola and Ocean Partners Commit $10 Million Financing to Blue Lagoon

NICM Nicola Mining Inc ADR

$5.31 -1.66%

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1. 1Nikola Mining (NICM) and Ocean Partners have committed a combined $10 million in financing to Blue Lagoon Resources (BLLG).
2. 2The two parties are each investing $5 million, with Nikola acquiring 8,333,333 common shares via private placement at $0.60 per share.
3. 3The funds will support development of the Dome Mountain gold and silver project, targeting a production goal of 150–200 tonnes per day.

Source Newsfile Corp. +1 · View original ↗

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