Corporate

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 →

Pangolin Receives Positive Results at MTS Grid, Malatswae Diamond Project, Botswana

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  • 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 

Continue reading →

Pangolin Closes $628,621 Oversubscribed Private Placement for Diamond Projects in Botswana

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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

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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

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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

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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

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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 →

Pangolin Closes $718,000 Financing for its Diamond Projects in Botswana

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Diamond Projects in Botswana

TORONTO, ONTARIO (May 15, 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 $718,000 (the “Offering”). The Offering consisted of 7,180,000 units of the Company (each, a “Unit”) at a price of $0.10 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 $0.20 for a period of two years from the date hereof. Continue reading →

Pangolin Diamonds Elects Directors; Declares Option Grant

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TORONTO, ONTARIO (March 7, 2014 – Pangolin Diamonds Corp. (TSX-V: PAN)

(the “Company” or “Pangolin”) announces that at its annual general & special meeting (the “Meeting”) of its shareholders held on Wednesday, March 5, 2014, the Company’s nominees to the board of directors, namely: Louis Peloquin, Jean Lafleur, Leon Daniels and Tom Fenton, were elected as directors, in each case without any votes withheld. Continue reading →

PANGOLIN DIAMONDS CLOSES PRIVATE PLACEMENT WITH INCREASED GROSS PROCEEDS OF $1,612,250

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Funds primarily for advancing kimberlite diamond exploration projects in Botswana

TORONTO, ONTARIO (April 22, 2013) – Pangolin Diamonds Corp. (TSX.V: PAN) (the “Company” or “Pangolin”) is pleased to announce it has closed its previously announced private placement equity offering (the “Offering”) by raising gross proceeds in the amount of $1,612,250. To meet increased demand for the Offering, the gross proceeds are 28% more than the $1,260,000 expected gross proceeds announced by the Company on April 4, 2013. Aberdeen Gould Capital Markets Ltd. (“Aberdeen”) acted as the lead agent in connection with the Offering. Continue reading →