Blue Lagoon Resources Inc agreed to acquire Rocher Deboule property in British Columbia from Primary Energy Metals Inc. (CNSX:PRIM) on April 18, 2019. The consideration for the transaction as, approximately CAD 0.03 million of cash and 0.2 million common shares of Blue Lagoon Resources Inc., which includes cash of approximately CAD 0.02 million on execution of the agreement, CAD 0.01 million within 3 days of the final receipt for Blue Lagoon's prospectus and 0.02 million common shares of Blue Lagoon within 10 business days after Blue Lagoon shares commence trading on the CSE.

Blue Lagoon Resources Inc cancelled the acquisition of Rocher Deboule property in British Columbia from Primary Energy Metals Inc. (CNSX:PRIM) on April 18, 2020.