Pelangio Exploration Inc.

Toronto, Ontario - Pelangio Exploration Inc. is pleased to announce that further to its news release dated June 15, 2018, the TSX Venture Exchange has approved the consolidation of the Company’s issued and outstanding common shares on the basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares, and the Company has proceeded with the consolidation as planned. Effective at the opening of [...]

Toronto, Ontario - Pelangio Exploration Inc. announced today that its Board of Directors have approved a consolidation of the Company’s common shares on the basis of ten pre-consolidation Common Shares for each one post-consolidation Common Share, subject to the approval of the TSX Venture Exchange. A special resolution was passed at the Company’s Annual and Special Meeting held on May 29, 2018, to give the Board of [...]

Toronto, Ontario - Pelangio Exploration Inc. announces revisions to the Amended and Restated Option and Joint Venture Agreement with RosCan Minerals Corp. on the Dormaa Project, and results from the final two diamond drill holes at Manfo Project in Ghana, West Africa. Amended and Restated Option and Joint Venture Agreement The Paramount Chief of the Dormaa Traditional Council approved the commencement of the air core [...]

Toronto, Ontario - Pelangio Exploration Inc. is pleased to announce that all matters proposed by management, including the election of management’s nominees for the board of directors, were approved at Pelangio’s annual and special meeting held Tuesday, May 29, 2018 . At the Meeting, shareholders elected Ingrid Hibbard, Carl Nurmi, David Mosher, David Paxton, Ian Shaw and Kevin Thomson to the board of directors, with no [...]

Toronto, Ontario - Pelangio Exploration Inc. is pleased to announce that it has entered into an option agreement with 2522962 Ontario Inc. to acquire a 100% interest in the Keigat Lake Area Claims  located in the Red Lake Mining Division, Ontario. This block of claims surrounds Pelangio’s Birch Lake Property and Pelangio holds a Net Smelter Return Royalty on this property through a previously announced agreement [...]

Toronto, Ontario - Pelangio Exploration Inc. announces results from the diamond drill program underway at the Manfo Project in Ghana, West Africa. The area of focus was the Nkansu zone to follow up on previous drilling, including holes, SGRC-322 which intersected 49.5 metres at 1.18 g/t Au and SGRC-332 which intersected 42 metres at 1.00 g/t Au. Nkansu The Nkansu area is located 2.5 kilometres to the south west of the [...]

Toronto, Ontario - Pelangio Exploration Inc. announces that Pacton Gold Inc. has terminated their Option Agreement on the Birch Lake property, and Pelangio will retain its 100% interest in this property. Pelangio also announces it has acquired a net smelter royalty from 2522962 Ontario Inc. on approximately 1856 hectares adjoining Pelangio’s Birch Lake property. Pacton terminated the Agreement dated March 10, 2017 [...]

Toronto, Ontario - Pelangio Exploration Inc. is pleased to announce that it has received approval from the TSX Venture Exchange to issue 2,000,000 common shares of Pelangio to Asty Capital AG at a deemed price of $0.055 per share, in exchange for consulting and advisory services. Pursuant to a Finance and Advisory Agreement, Pelangio will also pay a quarterly fee of USD $25,000 commencing on April 3, 2018. The term of the [...]

Toronto, Ontario - Pelangio Exploration Inc. announces that the Board of Directors has approved the grant of 200,000 incentive stock options to a director of the Company, which options are exercisable into common shares of the Company at a price of $0.055 per share. Subject to the rules of the TSX Venture Exchange and the Company's Stock Option Plan, the options have a term of five years and will expire on February 27 [...]

Toronto, Ontario - Pelangio Exploration Inc. is pleased to announce that it will begin diamond drilling at the Manfo Project in Ghana, West Africa. Pelangio also announces revisions to the Option and Joint Venture Agreement with RosCan Minerals Corp. on the Dormaa Project. Pelangio reports that a man portable diamond drill rig is now on site at the Manfo property with diamond drilling expected to begin within a week [...]