TORONTO, July 22, 2020 - Pangolin Diamonds Corp. (TSX-V: PAN) (the "Company" or "Pangolin") is pleased to announce the closing of a non-brokered private placement financing (the “Offering”) of units (“Units”) for aggregate gross proceeds of $648,500. The Offering consisted of 25,940,000 Units at a price of $0.025 per Unit, with each Unit consisting 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 closing of the Offering.
Proceeds of the Offering will be used to continue the exploration program, inclusive of drilling, at the Company’s 100% owned diamond projects in Botswana.
In consideration for the services of certain finders (“Finders”), the Company issued options (“Finder Options”) to acquire 434,000 Units priced at $0.05 per Finder Option. The Finder Options are exercisable for a sixty (60) month period and are comprised of one Common Share plus a warrant entitling the holder to acquire one additional Common Share at a price of $0.05. In addition, cash commissions of $7,350 are payable to such finders.
The Offering is subject to the final acceptance of the TSX Venture Exchange, and all securities issued pursuant to the Offering are subject to a four month and one-day hold period in compliance with Canadian securities laws.
About Pangolin Diamonds Corp. and Our Social Connections
Graham C. Warren, Chief Financial Officer Phone: +1.416.594.0473 Fax: +1.416.594.1630 Email: gwarren@pangolindiamonds.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
