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Pangolin Raises Funds Via Private Placement to Continue Botswana Exploration

Apr 20, 2016 8:11 AM   By Rapaport News
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RAPAPORT... Pangolin Diamonds closed a private placement to finance the continuation of its exploration program at the Malatswae project in Botswana this year.

The proceeds of $547,535 (CAD 693,453) will also provide working capital to further its exploration commitments at its other 100-percent owned projects in the African nation, the company said.

The private placement comprised 13,869,060 units at a price of $0.04 (CAD 0.05) per unit. “Insiders” at Pangolin ploughed $80,221 – or 14.7 percent of the total – into the offering, according to the company, whose shares are listed on Toronto’s TSX Venture Exchange.
Tags: exploration, mining, pangolin, Pangolin Diamonds, Rapaport News
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