Corporate

Pangolin Diamonds Raises $848,860 – Plans Phase 1 Drilling Program at MSC to Test Recently Identified High Priority Targets; Extends Option on the Diamondiferous AK10 Kimberlite Pipe

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TORONTO, ONTARIO (September 9, 2019) – Pangolin Diamonds Corp. (TSX-V: PAN) (“the Company” or “Pangolin”)announces the closing of a non-brokered private placement financing (“the Offering”) for aggregated gross proceeds of $848,860. The Company also wishes toupdate shareholders on recent activities at its projects in the Republic of Botswana.

Highlights Include

  • Closing of oversubscribed non-brokered private placement for gross proceeds of $848,860
  • Extends option on the diamondiferous AK10 kimberlite pipe
  • Plans Phase 1 drilling program at MSC to test recently identified high priority targets

 

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Pangolin Finalises Joint Venture Agreement to Acquire Ownership in AK10, and signs an MoU to evaluate and develop the 6 Hectare Diamondiferous Kimberlite Pipe, Botswana Africa

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TORONTO, ONTARIO (July 17, 2018) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce it has finalized the commercial terms of the Joint Venture Agreement with Makanwu Civil Blasting (PTY) Ltd. (MCB), a private company incorporated under the laws of the Republic of Botswana owned by citizen partners. PAN has previously announced (Please see our April 3rd 2018 release) signing an Option Agreement under which it has the option to enter into a Joint Venture with MCB after PAN has evaluated the geological merits of the AK10 kimberlite. Under the Joint Venture Agreement, MCB has granted PAN the sole and exclusive option to earn up to a 75% interest in respect of MCB’s precious stone AK10 Diamond Project located in the Central District of Botswana, Africa. Continue reading →

Pangolin Signs Agreement to Acquire Ownership in AK10, a 6 Hectare Diamondiferous Kimberlite Pipe, Botswana Africa

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TORONTO, ONTARIO (April 3, 2018) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce it has signed an option agreement (the “Agreement”) with Makanwu Civil Blasting (PTY) Ltd. (“MCB”), a private company incorporated under the laws of the Republic of Botswana. Under the Agreement, MCB has granted Pangolin the sole and exclusive option to earn up to a 75% interest in respect of MCB’s precious stone AK10 Diamond Project located in the Central District of Botswana, Africa. Continue reading →

Pangolin announces Chairman resignation

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TORONTO, ONTARIO (March 29, 2018) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces the resignation of Mr. Gareth Penny as Chairman of the Company, effective March 31, 2018, due to other time commitments. Mr. Penny will remain as an advisor to the Board.

The Board of Directors thanks Mr. Penny for his contribution as Chairman and looks forward to his further contributions in the future. Continue reading →

Pangolin Announces Proposed Shares for Debt Settlement and Option Grant

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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 →

PANGOLIN REPORTS SIGNING OF ROYALTY AGREEMENT

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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.

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Pangolin Diamonds Corp. Announces Closing of Private Placement

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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

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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 to Drill Kimberlite Targets at Motloutse Diamond Project, Botswana

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  • 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

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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 →