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Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) focuses on acquiring and exploring land packages on strategic gold belts in Ghana and Canada. The company explores two 100% owned camp-sized properties in Ghana, including Manfo, the site of near-surface gold discoveries, and Obuasi, located near AngloGold Ashanti's high-grade Obuasi Mine. In Canada, Pelangio is focused on the Kenogaming project and the Gowan project. The company recently closed a non-brokered private placement to raise funds for working capital and general corporate purposes.
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Pelangio Exploration Inc. announces a non-brokered private placement for gross proceeds of up to $500,000. Each Unit will be sold at a price of $0.03 and consists of one common share and one common share purchase warrant. The Offering is expected to occur on or around September 25th, 2023. The securities offered have not been registered under the U.S. Securities Act of 1933.
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Pelangio Exploration Inc. announces non-brokered private placement for up to $500,000
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Pelangio Exploration Inc. provides update on activities and plans for its projects in Ghana and Canada
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Pelangio Exploration Inc. has agreed to issue 285,715 common shares in the capital of Pelangio at a deemed per-share price of $0.035 as part of a debt settlement. The shares are subject to approval by the TSX Venture Exchange and will be subject to a four-month hold period. Pelangio will also be required to issue additional shares on the six-month and twelve-month anniversaries of the settlement agreement.
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Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) announces an earn-in agreement with TuNya Mineral Resources Ltd., granting TuNya an 80% interest in the southern portion of two licenses at Pelangio's Obuasi Project. TuNya will complete a technical review and drilling, while Pelangio retains 100% interest in the main property.
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Pelangio Exploration Inc. plans to extend the expiry date of certain outstanding warrants. The warrants were initially issued in May 2020 and were previously extended in April 2022. The new expiry date for the warrants is December 3, 2024. If the company's common shares reach a volume weighted average price of $0.30 for 15 consecutive trading days, the expiry date of the warrants may be accelerated. The warrant extension is subject to approval by the TSX Venture Exchange.
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FAQ
What is the current stock price of Pelangio Explora (PGXPF)?
The current stock price of Pelangio Explora (PGXPF) is $0.03 as of February 21, 2025.
What is the market cap of Pelangio Explora (PGXPF)?
The market cap of Pelangio Explora (PGXPF) is approximately 4.6M.
What does Pelangio Exploration focus on?
Pelangio Exploration focuses on acquiring and exploring land packages on strategic gold belts in Ghana and Canada.
Where are Pelangio's properties located?
In Ghana, the company explores two 100% owned camp-sized properties: Manfo and Obuasi. In Canada, Pelangio is focused on the Kenogaming and Gowan projects.
What was the recent funding initiative by Pelangio?
The company recently closed a non-brokered private placement to raise funds for working capital and general corporate purposes.
What are the key achievements of Pelangio?
Pelangio focuses on its two Ghana properties, Manfo and Obuasi, and its Canadian projects, Kenogaming and Gowan. The company aims to explore and develop these properties for gold and other mineral resources.
How does Pelangio Exploration generate revenue?
Pelangio Exploration generates revenue through the exploration and potential development of gold and other mineral deposits on its strategic land packages in Ghana and Canada.
Pelangio Explora