TORONTO, ONTARIO June 6, 2017 – Pangolin Diamonds Corp, (“Pangolin” or the “Company”) (TSX-V:PAN) announces that it proposes to settle outstanding debt in the aggregate of $75,000.00 (the “Debt”) owed to two officers and one arm’s length creditor of the Company. The Company intends to issue an aggregate of 1,500,000 common shares (the “Debt Shares”) at a deemed price of $0.05 per share to settle the Debt in full (the “Debt Settlement”). The Debt Settlement is subject to the approval of the TSX Venture Exchange (the “TSXV”). The Debt Shares, if issued, will be issued in reliance on certain prospectus exemptions available under applicable securities legislation and will be subject to a hold period of four months and one day in accordance with applicable securities legislation and TSXV requirements. Continue reading
Corporate
PANGOLIN REPORTS SIGNING OF ROYALTY AGREEMENT
TORONTO, ONTARIO May 23rd, 2017 – Pangolin Diamonds Corp, (“Pangolin” or the “Company”) (TSX-V:PAN) is pleased to announce that it has reached an agreement with Umgeni Holdings International Limited (“Umgeni”) under which Umgeni has agreed to acquire a royalty interest in Pangolin’s Precious Stones Prospecting Licences located within the Central District of Botswana, as well as an area defined as the Adjacent Area of Interest for $600,000. Umgeni is a private company of which Christopher Jennings is a beneficiary of the sole shareholder.
Pangolin Diamonds Corp. Announces Closing of Private Placement
TORONTO, ONTARIO (December 6, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce the closing of its previously announced non-brokered private placement financing (the “Offering”) of units (“Units”) for aggregate gross proceeds of $ 277,720. The Offering consisted of 4,628,666 Units at a price of $0.06 per Unit, with each Unit consisting of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.07 for a period of sixty (60) months from the date hereof. Continue reading
Pangolin Diamonds Corp. Announces Proposed Private Placement
TORONTO, ONTARIO (November 30, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that it intends to raise up to $300,000 by way of a non-brokered private placement financing (the “Offering”) of up to 5,000,000 units (“Units”) at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.07 for a period of sixty (60) months from the date of issuance. Continue reading
Pangolin Diamonds Corp. Announces Appointment of Gareth Penny as Chairman of the Board and Closing of $560,794 Private Placement
TORONTO, ONTARIO (August 15, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce that Gareth Penny has been elected to the board of directors (the “Board”) of Pangolin to hold the position of non-executive Chairman of the Board. Continue reading
Pangolin Diamonds to Drill Kimberlite Targets at Motloutse Diamond Project, Botswana
- The Motloutse Diamond Project covers the area where the first diamonds in Botswana were recovered in 1959
- The AGA-01 drill target is an aeromagnetic and gravity anomaly associated with positive sub-angular kimberlite indicator minerals recovered at surface
- Additional kimberlite targets are also being developed for the drill program
- It is anticipated the drill program will be completed before the end of July 2016
TORONTO, ONTARIO (May 31, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update for the Company’s wholly-owned Motloutse Diamond Project (“Motloutse”), located 150 km east of the Orapa Diamond Mine in Botswana. Several aeromagnetic anomalies have been selected for follow-up with soil sampling, ground magnetic and gravity surveys to identify kimberlite drill targets. This program is nearing completion. Continue reading
Pangolin Closes $693,453 Private Placement of Units for Diamond Projects in Botswana
TORONTO, ONTARIO (April 19, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce the closing of a non-brokered private placement financing for aggregate gross proceeds of $693,453 (the “Offering”). Proceeds of the Offering will be used to continue the exploration program, inclusive of drilling, at the Company’s priority Malatswae diamond project during 2016. In addition, the proceeds of the Offering will provide working capital to the Company in order to further its exploration commitments at its other 100% owned diamond projects in Botswana.
The Offering consisted of 13,869,060 units of the Company (“Unit”) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.05 for a period of sixty (60) months from the date hereof. Insiders of Pangolin participated in the amount of $101,600 representing 14.7% of the total Offering. Continue reading
Pangolin Receives Positive Results at MTS Grid, Malatswae Diamond Project, Botswana
- A total of 78 soil samples from the MTS grid are anomalous containing kimberlite indicator minerals
- Pyrope garnets are visually-confirmed in 62 of the soil samples
- 89% of the 62 soil samples contain pyrope garnets with near-source features
- Microprobe analysis and results expected in the coming weeks
- Drilling at MSC Grid where 7 diamonds have been discovered is scheduled to start in the next two weeks
Pangolin Closes $628,621 Oversubscribed Private Placement for Diamond Projects in Botswana
TORONTO, ONTARIO (September 3, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce the closing of a non-brokered private placement financing for aggregate gross proceeds of $628,621 (the “Offering”). The Offering consisted of 12,572,425 units of the Company (“Unit”) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.05 for a period of sixty (60) months from the date hereof. Insiders of Pangolin participated in the total amount of $39,623. The Offering represents an increase of approximately 25% over the original financing target of $500,000, and was completed at a 25% premium to the closing price of the Common Shares on the TSX Venture Exchange on September 2, 2015. Continue reading
Update for the Botswana Exploration Projects – DMS plant and soil sampling
Highlights
- 1 TPH DMS plant is now processing soil samples from six project areas
- A total of 362 soil samples to be processed
- Detailed grid sampling of priority kimberlite targets at Malatswae Project
- An additional Prospecting licence awarded contiguous with Jwaneng South Project
TORONTO, ONTARIO (July ,29 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update for the Company’s wholly-owned Diamond Projects, located in Botswana. Continue reading
Pangolin Appoints Dr. Leon Daniels as President/CEO and New BOD Patrick Harford; Premium to Market Private Placement
TORONTO, ONTARIO (July 9, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that Dr. Leon Daniels will assume the role of President and Chief Executive Officer of the Company effective immediately. Rick Bonner, the current President and Chief Executive Officer, has resigned. The Company thanks Rick for his contributions and wishes him success in his future endeavours.
The Company also announces that it intends to complete a private placement to raise up to $500,000 through a non-brokered private placement (the “Private Placement”) of up to 10,000,000 units priced at CDN$0.05 per unit representing a premium to the current share price. Each unit will consist of one common share and one non-transferable common share purchase warrant, with each warrant exercisable for a period of sixty (60) months from the closing at a price of $0.05 per share. Continue reading
Pangolin Closes $427,916 Financing for Diamond Projects in Botswana
TORONTO, ONTARIO (October 29, 2014) Pangolin Diamonds Corp. (the “Company” or “Pangolin”) (TSX-V: PAN) is pleased to announce the closing of a non-brokered private placement financing for aggregate gross proceeds of $427,916 (the “Offering”). The Offering consisted of 7,131,940 units of the Company (each, a “Unit”) at a price of $0.06 per Unit. Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (each a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.12 for a period of two years from the date hereof. Insiders participated in the amount of $83,216. Continue reading
Pangolin Diamonds Declares Option Grants
TORONTO, ONTARIO (August 13, 2014) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that its board of directors have approved the granting of 1,750,000 options under its Stock Option Plan, each share under option having a 5 year term and an exercise price of $0.11.The Options in question were granted to twelve different recipients consisting of directors, senior officers, key employees and certain consultants. Continue reading
