Pelangio Exploration Inc.

Pelangio Exploration Inc. is pleased to announce that it has closed the first tranche of the non-brokered private placement previously announced on November 16, 2020 and November 24, 2020 . In this first tranche, the Company raised aggregate gross proceeds of $1,240,900 by issuing 7,950,000 hard dollar units at a price of $0.13 per HD Unit and 1,220,000 common shares of the Company issued on a flow-through basis at a [...]

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 hard dollar units and flow-through shares from aggregate gross proceeds of up to $1,800,000 to aggregate gross proceeds of up to $2,221,000 . The Offering consists of the sale of HD Units, each such HD Unit comprised of one common share and one [...]

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 for aggregate gross proceeds of up to $1,800,000 . The Offering will consist of the sale of hard dollar units of the Company at a price of $0.13 per HD Unit and common shares of the [...]

Pelangio Exploration Inc. is pleased to announce that it has entered into an Option Agreement with BNT Resources Ghana Ltd., to acquire a 100% interest in the 34.65 square kilometer Subriso-Kokotro concession, located adjacent to Pelangio's Obuasi project, on the prolific Ashanti Gold Belt in Ghana. Highlights of the Dankran Property The Dankran property covers the same Birimian sedimentary and volcanic stratigraphy that [...]

Pelangio Exploration Inc. announces that it has granted to its officers, directors, employees and advisors a total of 2,987,500 stock options instead of the 3,275,000 options previously announced in its press release dated October 28, 2020. These stock options can be exercised for a period of 5 years from the date of grant at a price of $0.17 per share, which remains unchanged from the previous announcement. This grant [...]

Pelangio Exploration Inc. announces that it has amended its fixed stock option plan whereby it has increased the number of shares reserved for issuance under the Plan from 2,700,000 shares to 5,300,000 shares. The Company also announces the grant of a total of 3,275,000 stock options to certain directors, officers, employees and consultants of the Company pursuant to the Plan. The stock options are exercisable for a [...]

Pelangio Exploration Inc. is pleased to announce that a phase 2 drill program has begun at its Grenfell gold project located 10 kilometers northwest of Kirkland Lake Ontario. The phase 2 drill program is expected to run for about two weeks and assay results will be released thereafter. HIGHLIGHTS The phase 1 drill program returned 314 g/t gold over 1.74 m including a higher grade section which assayed 1810 g/t gold over [...]

Pelangio Exploration Inc. is pleased to announce that is has entered into an Option Agreement with Jubilee Minerals Inc. on its Birch Lake Property located approximately 110 km northeast of the town of Red Lake, Ontario, in the Red Lake Mining Division . Ingrid Hibbard, President and CEO of Pelangio commented, "We are excited to have Jubilee Minerals Inc. agree to spend $2,000,000 in exploration expenditures as part of [...]

Pelangio Exploration Inc. is pleased to provide an update on its Dalton Project located in Timmins and its Grenfell Project located 10 kilometers northwest of Kirkland Lake Ontario. Dalton Project In late July, the Company completed 826 meters of diamond drilling in four drill holes to test two coincident geochemical and geophysical anomalies on the Dalton Project. Drilling intersected sulphide mineralization and a number [...]

Pelangio Exploration Inc. is pleased to announce that its Board of Directors has appointed Mr. James Hannon and Mr. Albert Gourley as Directors of the Company effective immediately. Al Gourley is the London Managing Partner of Fasken Martineau, an international law firm, where his practice focuses on finance and asset transactions in the natural resource industry. Mr. Gourley has served as a director of several TSX, TSX-V [...]