Pelangio Exploration Inc. today announced that the Board of Directors has approved the grant of 1,505,000 incentive stock options to certain directors, officers, employees and consultants of the Company. The stock options are exercisable into common shares of the Company at a price of $0.05 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 [...]
Pelangio Exploration Inc. is pleased to announce that all matters proposed by management were approved at Pelangio's annual meeting held Wednesday, June 22, 2022 . 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 [...]
Pelangio Exploration Inc. completed 1,035 meters of drilling in six holes on its Gowan Project. The drill program tested several priority geophysical targets for nickel copper sulphides as well as copper zinc volcanogenic massive sulphide mineralization "VMS" targets. Drill targets in the north target area of the property were associated with known historical copper zinc drill intercepts. The project is located within the [...]
Pelangio Exploration Inc. is pleased to announce it has entered in an agreement to purchase a 100% interest in the highly prospective, 178 hectare gold, silver, zinc polymetallic project in Kenogaming Township , located approximately 63 km southwest of the City of Timmins, Ontario. In addition, the Company announces that Mr. Tony Makuch, has joined the advisory committee of Pelangio, effective immediately. Mr. Makuch [...]
Pelangio Exploration Inc. announces that, subject to approval of the TSX Venture Exchange , it intends to extend the expiry date of certain of the Company's outstanding warrants . The Warrants were initially issued pursuant to a non-brokered private placement on May 19, 2020 and May 27, 2020. The Warrants' current and new expiry dates are detailed in the below chart. Number of Warrants Outstanding Original Expiry Date New [...]
Pelangio Exploration Inc. is pleased to announce that is has completed 1446.50 meters of diamond drilling in two holes at its Dome WestProject located 800 meters west of Newmont's prolific Dome Mine in Timmins, Ontario. Highlights: Both drill holes intersected substantial sections of the prospective Vipond stratigraphy known to host a significant portion of the gold bearing zones at the adjoining Dome and Paymaster Mines [...]
Pelangio Exploration Inc. ; is pleased to announce that the diamond drill program at its Gowan polymetallic project is underway. The project is well located within the Kidd-Munro assemblage, the same environment that hosts the Kidd Creek Mine, just 16 kilometers northwest of the Gowan project. The drill program will test several priority geophysical targets for nickel copper sulphides as well as copper zinc volcanogenic [...]
Pelangio Exploration Inc. is pleased to announce that it has entered into an earn-in letter agreement with 11530313 Canada Inc. on Pelangio's Gowan Project, located 16 km east of Glencore's Kidd Creek Mine and approximately 23 km southeast of Canada Nickel Company's Crawford deposit near Timmins, Ontario. Highlights: Privco must pay $500,000 and incur $1,500,000 in exploration expenditures to earn 50% Pelangio to be [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the final tranche of a non-brokered private placement announced on December 22, 2021 and increased to $780,063 on January 11, 2022. The Final Tranche raised gross proceeds of $100,000 from the issuance of 1,000,000 units at a price of $0.10 per Unit. In the aggregate, $780,063 has been raised in three tranches. In connection with the Final Tranche, each [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the second tranche of a non-brokered private placement announced on December 22, 2021 and increased to $780,063 on January 11, 2022. The Second Tranche raised gross proceeds of $317,093 from the issuance of 3,170,930 units at a price of $0.10 per Unit. In the aggregate, $680,063 has been raised in two tranches. In connection with the Second Tranche, each [...]
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 from aggregate gross proceeds of up to CDN$625,000 to aggregate gross proceeds of up to CDN$780,063 . Each Unit consists of one common share of the Company and one quarter of a Common Share purchase warrant . Each full Warrant entitles the holder [...]
Pelangio Exploration Inc. is pleased to announce that is has closed the first tranche of a non-brokered private placement of up to $625,000 announced on December 22, 2021 . The first tranche raised gross proceeds of $362,970 from the issuance of 3,629,700 units at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one quarter of a Common Share purchase warrant . Each full Warrant entitles [...]
+233,33 %
-96,43 %
