Pangolin Continues Exploration Program Following $700,000 Private Placement

(IDEX Online News) – Pangolin Diamonds Corp has announced the closing of a non-brokered private placement financing for $693,453, which is to be used for its exploration program, inclusive of drilling.

The proceeds will principally be used for the company’s priority Malatswae diamond project for the remainder of 2016, but will also provide working capital to Pangolin to further its exploration commitments at its other 100-percent owned Botswana diamond projects.

Toronto-based exempt market dealer Aberdeen Gould Capital Markets Ltd facilitated the deal.

Pangolin’s Malatswae Diamond Project is located 105 kilometers southeast of the Karowe diamond mine, which is operated by Lucara Diamonds.