Laguna Blends Closes First Tranche of Private Placement for $406,800

KELOWNA, BC – August 26, 2016 – Laguna Blends, Inc. (CSE:  LAG)  (OTC: LAGBF) (Frankfurt: LB6A.F)  (the  “Company” or “Laguna”) is pleased to announce a first tranche closing of its it non-brokered private placement (the “Private Placement”). The first tranche closing consisted of the issuance of 1,627,200 units at a price of $0.25 per unit for gross proceeds of $406,800. 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 until August 25, 2017.
All securities issued under the first tranche are subject to a hold period expiring four months and one day from the date of issuance.
In addition, the Canadian Securities Exchange has granted the Company an extension for the filing of final material with respect to the Private Placement to October 7, 2016. It is anticipated the Company will close the final tranche of the Private Placement on or before this date.
Connect with Laguna Blends (CSE:LAG; OTCMKTS:LAGBF; FRA:LB6A) to receive an Investor Presentation.