Pangolin Diamonds Corp V.PAN.H

Alternate Symbol(s): KGHZF

Metals & Mining Industrial Metals & Minerals

Pangolin Diamonds Corp. is a Canada-based diamond exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties in Botswana. The Company, through its wholly owned subsidiaries, holds title to various properties (the Pangolin Properties). The Pangolin Properties consist of approximately 17 diamond prospecting licenses (PLs). Its Motloutse Diamond Project is located in eastern Botswana and is comprised of eight diamond PLs. Its Kweneng Project is located in the Kweneng District and covers an area of approximately 361 square kilometers (km2). The Company's subsidiaries include Pangolin Diamonds Limited, Pangolin Diamonds (Pty) Limited, Geocontracts Botswana (Pty) Limited, and Amulet Diamond (Botswana) Pty Limited.

TSXV:PAN.H - Post by User

Pangolin Diamonds Corp

Bullboard Posts

Comment by marvelmakeron Aug 12, 2008 8:10pm

438 Views

Post# 15378809

RE: options exercised

I can take a stab at a response, with my limited knowledge.

It can be viewed as good news since I believe they had lots of time to exercise the options, they weren't exercising them against a deadline.

Sure it means a bit of share dilution, but it also signals that management in the company has faith in its future.

Last time news of the options being exercised came out as a news release, this share price started moving upward, within a day.

Right now the stock is trading sideways, in my view, the base has been built for another climb. All aboard!!

GLTA
Rob

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