News

Advanced Search

Pangolin Raises Funds Via Private Placement to Continue Botswana Exploration

Apr 20, 2016 8:11 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
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
Similar Articles
Nimesh PatelDe Beers CFO to Leave Company
Apr 02, 2020
De Beers chief financial officer Nimesh Patel will exit the company on July 26 to become CFO and
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.