The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Feb. 26, 4:26 PM

Slide #7. Blue Lagoon Resources Inc. Metal Mountain Resources Inc.

Acquirer: Blue Lagoon Resources Inc. (BLAGF)
Acquiree: Metal Mountain Resources Inc.
Details: Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce that it has signed a non-binding letter of intent to acquire 100% of the outstanding shares of Metal Mountain Resources Inc. ("Metal Mountain"), a private British Columbia company. Metal Mountain holds a 50.84% interest in Gavin Mines Inc. ("Gavin Mines"), which in turn holds a 100% interest in the Dome Mountain Mine located near the town of Smithers in northwest British Columbia. Metal Mountain also holds a 100% interest in the Big Onion Property, also located near Smithers. Blue Lagoon has separately entered into a binding letter of intent with AGC Investments Inc. ("AGC"), a private company which holds a 27.44% interest in Gavin Mines, whereby Blue Lagoon may acquire AGC's interest on closing of the acquisition of Metal Mountain.

  Blue Lagoon Resources Inc.: BLAGF
  Metal Mountain Resources Inc. : PRIVATE
 

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Buy (3.20 out of 4)
49th percentile
(ranked lower than approx. 51% of all stocks covered)
Based on Zacks ABR data;
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