PANGOLIN DIAMONDS CORP. ("PAN")
BULLETIN TYPE: Private Placement- Non-Brokered
BULLETIN DATE: August 14, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 2, 2020:
Number of Shares: 25,940,000 common shares
Purchase Price: $0.025 per common share
Warrants: 25,940,000 share purchase warrants to purchase 25,940,000 common shares
Warrant Exercise Price: $0.05 for a period of 5 years
Number of Placees: 17 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Pro Group Involvement [1 placee] P 1,000,000
Finder's Fee: An aggregate of $7,350 and 434,000 broker warrants payable to Ascenta Finance Corp. Each broker warrant entitles holder to acquire one unit at a price of $0.05 for a period of 5 years. Each unit consists of one common share and one warrant exercisable on the same terms as the financing.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a new release dated July 22, 2020, announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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