Pangolin President and CEO Rick Bonner Resigns
July 09, 15
(IDEX Online News) – Following the resignation of its president and CEO Rick Bonner, Pangolin Diamonds Corp. has appointed Dr. Leon Daniels to head the company, with immediate effect. No reason was given for Bonner’s resignation.
The company also announced that it intends to complete a private placement to raise up to $500,000 through a non-brokered private placement. The funds raised will be used for drilling, geological-geophysical and sampling programs at the Pangolin’s 100-percet owned diamond projects in Botswana, as well as for general working capital.
The Offering, which will be closed on or before July 31, is subject to the final acceptance of the TSX Venture Exchange, and all securities issued pursuant to the Offering are subject to a four-month and one day hold period.