Pangolin raises P4m for Tsabong project

Friday, October 31, 2014

Pangolin is exploring for diamonds in Tsabong

Toronto-based Pangolin Diamonds has closed a non-brokered private placement financing for nearly $430,000(P4 million) in total proceeds, which will be used to advance its diamond projects in Tsabong.

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.

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Pangolin raises P4m for Tsabong project

Toronto-based Pangolin Diamonds has closed a non-brokered private placement financing for nearly $430,000(P4 million) in total proceeds, which will be used to advance its diamond projects in Tsabong.

Advancing social justice and decent work in Africa: A blueprint for change

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