This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States Pelangio Exploration Inc. is pleased to announce that it closed the non-brokered private placement previously announced on December 5, 2019 and December 16, 2019. The Company raised a total of $225,000 for the issuance of 1,500,000 common shares of the [...]
This News Release is Intended for Distribution in Canada Only and is not Intended for Distribution to United States Newswire Services or Dissemination in the United States Pelangio Exploration Inc. is pleased to announce that due to additional demand the Company has increased the size of its previously announced non-brokered private placement of flow-through common shares from aggregate gross proceeds of up to CDN$165,000 [...]
This News Release is Intended for Distribution in Canada Only and is Not Intended for Distribution to United States Newswire Services or Dissemination in the United States Pelangio Exploration Inc. announces a non-brokered private placement of up to 1,100,000 flow-through common shares of the Company at a price of $0.15 per FT Share to raise gross proceeds of up to $165,000 . The FT Shares will qualify as "flow-through [...]
Pelangio Exploration Inc. is pleased to announce it has entered into a binding Term Sheet with Supercare Group Limited to acquire a 90% interest in the 60 square kilometer Abansuaso Prospecting License located adjacent to Pelangio's Manfo project. Highlights of the Abansuaso Property strike extensions of Pelangio's Nfante mineralized zones, all open to the southwest site of significant artisanal mining workings over an [...]
Pelangio Exploration Inc. is pleased to announce the appointment of Kevin P. Thomson to Senior Vice President Exploration for the Company and to provide an update on results of the small first phase drill program at the Dalton Property in Timmins and future exploration plans for three of its Ontario properties. Appointment of Kevin P. Thomson Mr. Thomson is currently a director of Pelangio and has provided technical [...]
Pelangio Exploration Inc. is pleased to announce that is has received the final results from the 2019 prospecting program on its Hailstone Property located in the La Ronge Area, Northern Saskatchewan. Highlights of the Hailstone Property: Recent field work has confirmed the presence of numerous gold and base metal occurrences in the Asbell Bay target area in a prospective monzonite intrusive with grab samples returning [...]
Pelangio Exploration Inc. is pleased to announce that it will continue the option agreement to acquire a 100% interest in the mineral rights to all, or a portion of, 24 patented claims, located in Timmins, Ontario, from Rita Kean, the Estate of Jack Kean and the Estate of Glady McLellan ). To meet the obligations of the option agreement, Pelangio has issued 90,000 common shares, made cash payment of $27,000 to the Kean [...]
Pelangio Exploration Inc. is pleased to announce that it has completed a re-evaluation of the Grenfell property in order to plan for a winter diamond drill program. The property is comprised of 38 mining cells and 8 leased claims covering an area of approximately 6.7 square kilometers and is located 10 km northwest of the Town of Kirkland Lake Ontario . Ingrid Hibbard, President and CEO of Pelangio, commented, “In light [...]
Pelangio Exploration Inc. is pleased to provide a summary of recent corporate and exploration activities. HIGHLIGHTS Financing: Completed a flow through and hard dollar financing totaling $290,00 Dalton Property: Completed mobile metal ion soil geochemical survey over the more prospective portions of the property Finalizing target development to prepare for a fall diamond drilling program anticipated to commence in mid to [...]
Pelangio Exploration Inc. is pleased to announce that it closed the non-brokered private placement previously announced on July 31, 2019 on August 12, 2019. The Company raised a total of $290,000 for the issuance of 1,000,000 common shares of the Company issued on a “flow-through” basis and 1,000,000 Common Shares of the Company at a price of $0.15 per FT Share and a price of $0.14 per HD Share . The Company paid finder’s [...]
Pelangio Exploration Inc. announces a non-brokered private placement of up to 1,000,000 flow-through common shares and of up to 1,000,000 common shares of the Company at a price of $0.15 per FT Share and a price of $0.14 per HD Share to raise gross proceeds of up to $290,000 . The FT Shares will qualify as "flow-through shares" ). The gross proceeds of the Private Placement raised from the sale of FT Shares will be [...]
Pelangio Exploration Inc. announces that, through its wholly-owned subsidiary 5007223 Ontario Inc., an extension of the May 1, 2017 Option Agreement with Amex Exploration Inc. has been granted to complete an exploration program on the Gowan Property located in Timmins, Ontario. HIGHLIGHTS The Gowan Property was obtained through Pelangio's recent acquisition of 5007223 Ontario Inc. in December 2018 . The extension provides [...]