Pangolin Diamonds Elects Directors; Declares Option Grant
07 Março 2014 - 6:30PM
Marketwired
Pangolin Diamonds Elects Directors; Declares Option Grant
TORONTO, ONTARIO--(Marketwired - Mar 7, 2014) - Pangolin
Diamonds Corp. (TSX-VENTURE:PAN) (the "Company" or "Pangolin")
announces that at its annual general & special meeting (the
"Meeting") of its shareholders held on Wednesday, March 5, 2014,
the Company's nominees to the board of directors, namely: Louis
Peloquin, Jean Lafleur, Leon Daniels and Tom Fenton, were elected
as directors, in each case without any votes withheld.
The Company also announces that at its Meeting, shareholders of
the Company ("Shareholders") approved: (i) the renewal of the
Company's "rolling" stock option plan and (ii) a by-law
establishing a framework for advance nominations of directors by
Shareholders (the "Advance Notice By-law"). The Advance Notice
By-law is similar to the advance notice by-laws adopted by many
other Canadian public companies, and provides for advance notice of
nominations of directors in circumstances where nominations for
election to the Board of Directors are made by Shareholders. The
Advance Notice By-law is designed to provide Shareholders,
directors and management of the Company with a transparent,
structured and fair process for nominating directors of the Company
in connection with any annual or special meeting of Shareholders.
More information can be obtained on the Advance Notice By-Law by
referring to the Company's proxy circular prepared in connection
with the Meeting and filed on SEDAR.
The Company also confirms that Rick Bonner, the President and
Chief Executive Officer of Pangolin, was granted a 5 year option on
300,000 shares, each share under option having an exercise price of
$0.25.
About Pangolin Diamonds Corp.
Pangolin Diamonds Corp. is building a leading diamond
exploration and development company in the heart of Botswana, the
world's leading diamond producing country by value. The Company is
the 100% owner of four separate project areas including the Tsabong
North, Jwaneng South, Malatswae and Mmadinare Projects. Pangolin's
management and team leaders have over 100 years of combined diamond
exploration experience in southern Africa. This makes the Company
the most experienced diamond explorer in Botswana other than De
Beers Exploration and Debswana. The Company is equipped for
exploration, with two diamond drill rigs and a fully portable
one-tonne per hour Dense Media Separation Plant used to prepare
samples and make diamond concentrates. Pangolin is well-funded to
continue its exploration programs for the next year.
For more information on Pangolin Diamonds Corp, please refer to
www.pangolindiamondscorp.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Pangolin Diamonds Corp.Scott YoungInvestor
Relations+1.416.488.1370scott@pangolindiamondscorp.comPangolin
Diamonds Corp.Graham C. WarrenChief Financial
Officer+1.416.594.0473+1.416.594.1630gwarren@pangolindiamondscorp.comwww.pangolindiamondscorp.com
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