TORONTO: March 4, 2013 – Key Gold Holding Inc. (KGH – TSX-V) (the “Company” or “Key Gold”) is pleased to announce that further to its press releases of February 21, 2012 and August 8, 2012, it has closed its previously announced business combination with Pangolin Diamonds Corp. (“Pangolin”) to create the new amalgamated company “Pangolin Diamonds Corp.” (“New Pangolin”). At shareholder meetings for each of Key Gold and Pangolin held on January 15, 2013, the amalgamation of Key Gold and Pangolin, pursuant to an amalgamation agreement dated November 26, 2012 was approved (the “Amalgamation”). In connection with the Amalgamation, Key Gold shareholders received one (1) common share of New Pangolin (“New Pangolin Share”) for each two (2) outstanding common shares in the capital of Key Gold and Pangolin shareholders received one (1) New Pangolin Share for each outstanding common share in the capital of Pangolin.
Key Gold Holding Inc.
Key Gold Holding Inc. Announces Proposed Business Combination With Pangolin Diamonds Corp.
TORONTO, ONTARIO–(Feb. 21, 2012) – Key Gold Holding Inc. (TSX VENTURE:KGH) (the “Company” or “Key Gold”) is pleased to announce that it has entered into a letter of intent (the “LOI”) with Pangolin Diamonds Corp. (“Pangolin”), an Ontario private company, which outlines the general terms and conditions pursuant to which Key Gold and Pangolin would complete a transaction resulting in a reverse take-over of Key Gold by the shareholders of Pangolin (the “Proposed Transaction”). The LOI was negotiated at arm’s length and is effective as of February 20, 2012.