Pangolin Raises $404K for Botswana Projects
Mar 29, 2015 4:25 AM
By Deena Taylor
|
|
|
RAPAPORT... Pangolin Diamonds Corp. completed a non-brokered private placement of 8,087,500 shares at 5 cents each gross proceeds $404,375. The funds will be used for drilling and sampling programs at the company's fully owned diamond projects in Botswana.
Aberdeen Gould Capital Markets Ltd. arranged the placement. Under the terms of the offering, Pangolin will pay Aberdeen an amount equal to 7 percent of the total gross proceeds raised from the offering in cash, plus compensation warrants equal to 7 percent of the total number of shares sold by Aberdeen following the placement.
The shares issued under the placement are subject to a four-month and one-day hold period. The offering is subject to final acceptance of the Toronto Stock Exchange's Venture Exchange.
|
|
|
|
|
|
|
|
|
|
Tags:
Deena Taylor, Pangolin Diamonds Corp.
|
|
|
|
|
|
|