TSXV:PAN.H - Post by User
Post by
rborhion Jun 02, 2020 7:36pm
297 Views
Post# 31104094
Pangolin PP
Pangolin PP TORONTO, June 02, 2020 (GLOBE NEWSWIRE) -- Pangolin Diamonds Corp. (PAN.V) (the “Company” or “Pangolin”) announces that it intends to complete a non-brokered private placement of units (“Units”) to raise aggregate gross proceeds of up to $600,000 (the “Offering”).
The Company intends to rely on the TSX Venture Exchange’s temporary relief from the minimum pricing requirements as more fully described in its bulletin dated April 8, 2020 (the “Bulletin”). In accordance with the requirements of the Bulletin, the Company intends to issue Units at $0.025 per Unit, with each Unit consisting of one common share (a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.05 for a period of 60 months from the date of issuance.