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
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
TORONTO, ONTARIO (January 27, 2014 – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that it has named Rick G. Bonner, P.Geol., as its President and Chief Executive Officer. Willem Smuts, who has served in this roll since the Company was first formed, has resigned. Continue reading
Pangolin was featured in Mining Weekly. Click here to read the full article.
TORONTO (miningweekly.com) – Canadian explorer Pangolin Diamonds on Tuesday said it had unearthed high-pressure garnets that could indicate the presence of more than one diamond-bearing kimberlite pipe on its Tsabong North project, in Botswana.
The TSX-V-listed company said independent lab analysis returned a significant number of high-pressure garnets associated with the diamond stability field, which is the area of the earth’s mantle with the heat and pressure required to produce diamonds, which for the company confirmed a high exploration potential for new diamondiferous kimberlite pipes in the area.
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See investment article from iExperts:
Diamond investors should see annual returns of around 6% between now and 2020, claims a new report. The annual Global Diamond Industry Report also says that global consumption will help the worldwide value of diamond sales rocket from £10 billion in 2011 to £17 billion a year in the next seven years. That’s a predicted increase of 60% by the end of the decade.