Pelangio Exploration Inc. announces a non-brokered private placement of up to 4,500,000 units of the Company at a price of $0.15 per unit for gross proceeds of up to $675,000 . 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. announces that the Board of Directors has approved the grant of 350,000 incentive stock options of which 250,000 were granted to directors and senior officers of the Corporation. The options are exercisable into common shares of the Company at a price of $0.18 per share. Subject to the rules of the TSX Venture Exchange and [...]
Pelangio Exploration Inc. is pleased to announce that it has entered into a binding letter Agreement to acquire 2522962 Ontario Inc. , a private company incorporated under the laws of Ontario with its head office located in Timmins, Ontario. Highlights of the Agreement Include: Pelangio will acquire 100% of the issued and outstanding shares of 5SD [...]
Toronto, Ontario - Pelangio Exploration Inc. is pleased to announce that it has entered into an 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 ) and 2522962 Ontario Inc. . Highlights [...]
Toronto, Ontario - Pelangio Exploration Inc. announces results from Air Core drilling carried out using the Multi-Power Grasshopper AC/RC drill rig on the Dormaa Property, Ghana, West Africa. The AC drill program was designed to test significant gold in soil geochemical anomalism at multiple locations. A total of six soil anomalies were tested in [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
