$LAGBF KELOWNA, BC--(Marketwired - Aug 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.
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