Pangolin raises P4m for Tsabong project

The offering consisted of 7.13 million units at a price of 6 cents apiece. Each unit is made up of one common share and one share purchase warrant, with every warrant entitling the holder to acquire an additional share at a price of 12 cents, for a period of two years from closing.

The company raised a total of $427,916, with insiders of Pangolin taking up $83,216 of the offering. Aberdeen Gould Capital Markets led and arranged the placement.