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financing
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 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 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
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 Closes $718,000 Financing for its Diamond Projects in Botswana
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 CLOSES PRIVATE PLACEMENT WITH INCREASED GROSS PROCEEDS OF $1,612,250
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
PANGOLIN DIAMONDS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT TO RAISE UP TO $1,260,000 FOR BOTSWANA PROJECTS
TORONTO, ONTARIO (April 4, 2013) – Pangolin Diamonds Corp. (TSX.V: PAN) (the “Company” or “Pangolin”) has retained the services of Aberdeen Gould Capital Markets Ltd., an Exempt Market Dealer (“Aberdeen”), to lead and arrange a non- brokered private placement offering (the “Offering”) of up to 4,200,000 units of the Company at a price of $0.30 per unit, for gross proceeds of up to $1,260,000.
