Pelangio Exploration Inc. pursuant to the release on July 11, 2023, the Company has agreed to issue 500,000 common shares in the capital of Pelangio at a deemed per-share price of $0.02, which is equal to the end of the day price of Pelangio Shares on the TSX Venture Exchange . The shares for debt settlement remain subject to approval by the TSXV. The Pelangio Shares will be subject to a four-month hold period which will [...]
Pelangio Exploration Inc. is pleased to provide an update on 2023 activities and the outlook for 2024 for its projects in Ghana and Canada. Highlights - 2023 Exploration resumed at Pelangio's district scale Obuasi Project, adjacent to the giant high-grade Obuasi Mine Pelangio's Obuasi Project benefits from an agreement with TuNya Mineral Resources Ltd. to provide both exploration expenditures and access to significant [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the second tranche of a non-brokered private placement . The first and second tranche raised gross proceeds of $351,600 from the issuance of 11,719,999 units at a price of $0.03 per Unit. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common Share at a price of [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the first tranche of a non-brokered private placement of up to $500,000 announced on September 11, 2023 . The first tranche raised gross proceeds of $209,100 from the issuance of 6,970,000 units at a price of $0.03 per Unit. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder to [...]
Pelangio Exploration Inc. announces a clarification to the previously announced non-brokered private placement for gross proceeds of up to $500,000 . The Offering will consist of the sale of units of the Company at a price of $0.03 per Unit. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.05 [...]
Pelangio Exploration Inc. ; is pleased to announce a non-brokered private placement for gross proceeds of up to $500,000 . The Offering will consist of the sale of units of the Company at a price of $0.03 per Unit. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.05 for a period of five [...]
Pelangio Exploration Inc. is pleased to provide an update on recent activities and plans for its projects in Ghana and Canada. Highlights District-scale Obuasi Project will benefit from an agreement with TuNya Mineral Resources Ltd. to provide both exploration expenditures and access to significant technical expertise. TuNya funded exploration program is underway on the Obuasi Project and will focus on two large target [...]
Pelangio Exploration Inc. pursuant to the release on July 11, 2023, the Company has agreed to issue 285,715 common shares in the capital of Pelangio at a deemed per-share price of $0.035, which is equal to the end of the day price of Pelangio Shares on the TSX Venture Exchange . The shares for debt settlement remain subject to approval by the TSXV. The Pelangio Shares will be subject to a four-month hold period which will [...]
Pelangio Exploration Inc. is pleased to announce it has entered into an earn-in binding letter of intent granting TuNya Mineral Resources Ltd. the right to earn an 80% interest on the southern portion of two of the four licenses that comprise Pelangio's Obuasi Project . The TuNya Earn-In Property covers predominantly Tarkwaian stratigraphy, including the strike extension of TuNya's Kyereboso project located to the south [...]
Pelangio Exploration Inc. completed a 1,039.5 diamond drill program at the Pokukrom East and West deposits on its Manfo Project located 15 kilometers south-southeast of Newmont's Ahafo Mine and 40 kilometers north of Asante Gold's Bibiani Mine. Highlights of Diamond Drilling at Pokukrom, Manfo Project Seven diamond drill holes totaling 1,039.5 meters completed at the Pokukrom East and West deposits. Extends known [...]
Pelangio Exploration Inc. is pleased to announce that settlement agreements have been reached to resolve all outstanding litigation with respect to an action commenced in 2009 in the Ghana High Court involving the vendor of two of the four prospecting licenses comprising Pelangio's Obuasi property. The two prospecting licenses involved in the litigation and referenced as Kyereboso 2 License and Kyereboso 3 License in the [...]
Pelangio Exploration Inc. is pleased to announce that all matters proposed by management were approved at Pelangio's annual meeting held Wednesday, June 28, 2023 . At the Meeting, shareholders of Pelangio re-elected Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, and Al Gourley to the board of directors. The shareholders also approved the reappointment of its auditor and reapproved the Company's stock option [...]
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