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