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Pelangio Exploration Announces Appointment of New CFO

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Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) has announced significant changes in its financial leadership. The company has appointed Ms. Donna McLean as its new Chief Financial Officer, effective immediately. Ms. McLean brings over 30 years of experience in financial reporting, controls, and administration, with a specialization in junior mineral exploration companies. This appointment coincides with Pelangio's engagement of Grove Corporate Services for corporate finance, accounting, and administrative support.

The new CFO replaces Sabino Di Paola, who served in the role from May 2023 to September 2024. Pelangio's CEO, Ingrid Hibbard, expressed gratitude for Mr. Di Paola's contributions and enthusiasm for Ms. McLean's mining sector expertise. The company is currently focusing on its Manfo Project, collaborating with MFD Investment Holdings SA, which has the opportunity to earn a 10% interest in the project through significant investment and development milestones.

Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ha annunciato cambiamenti significativi nella sua leadership finanziaria. L'azienda ha nominato la signora Donna McLean come nuovo Direttore Finanziario, con effetto immediato. La signora McLean porta con sé oltre 30 anni di esperienza nella rendicontazione finanziaria, nei controlli e nell'amministrazione, con una specializzazione nelle aziende di esplorazione mineraria junior. Questa nomina coincide con il coinvolgimento di Grove Corporate Services per la finanza aziendale, contabilità e supporto amministrativo.

Il nuovo CFO sostituisce Sabino Di Paola, che ha ricoperto il ruolo da maggio 2023 a settembre 2024. L'amministratore delegato di Pelangio, Ingrid Hibbard, ha espresso gratitudine per i contributi del sig. Di Paola e entusiasmo per l'esperienza della sig.ra McLean nel settore minerario. Attualmente l'azienda si sta concentrando sul suo Progetto Manfo, collaborando con MFD Investment Holdings SA, che ha l'opportunità di acquisire un interesse del 10% nel progetto attraverso investimenti significativi e traguardi di sviluppo.

Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ha anunciado cambios significativos en su liderazgo financiero. La compañía ha nombrado a la Sra. Donna McLean como su nueva Directora Financiera, con efecto inmediato. La Sra. McLean aporta más de 30 años de experiencia en informes financieros, controles y administración, con una especialización en empresas de exploración mineral junior. Este nombramiento coincide con el compromiso de Grove Corporate Services para finanzas corporativas, contabilidad y apoyo administrativo.

La nueva CFO reemplaza a Sabino Di Paola, quien ocupó el cargo desde mayo de 2023 hasta septiembre de 2024. La CEO de Pelangio, Ingrid Hibbard, expresó su agradecimiento por las contribuciones del Sr. Di Paola y su entusiasmo por la experiencia en el sector minero de la Sra. McLean. Actualmente, la compañía se está enfocando en su Proyecto Manfo, colaborando con MFD Investment Holdings SA, que tiene la oportunidad de obtener un interés del 10% en el proyecto a través de inversiones y hitos de desarrollo significativos.

펠란기오 탐사 주식회사 (TSXV: PX)(OTC PINK: PGXPF)는 재무 리더십의 중대한 변화를 발표했습니다. 회사는 도나 맥클레인 씨를 새로운 최고 재무 책임자로 임명했습니다, 즉각 발효됩니다. 맥클레인 씨는 재무 보고, 통제 및 관리 분야에서 30년 이상의 경험을 보유하고 있으며, 주니어 광물 탐사 회사에 특화되어 있습니다. 이번 임명은 펠란기오의 그로브 코퍼레이트 서비스와 재무, 회계 및 행정 지원의 계약과 일치합니다.

새 CFO는 2023년 5월부터 2024년 9월까지 이 역할을 맡았던 사비노 디 파올라를 대체합니다. 펠란기오의 CEO인 잉그리드 히바드를는 디 파올라 씨의 기여에 대한 감사를 표하며 맥클레인 씨의 광업 분야 전문성에 대한 기대감을 드러냈습니다. 현재 회사는 만포 프로젝트에 집중하고 있습니다, MFD 투자 홀딩스 SA와 협력하여, 투자 및 개발 이정표를 통해 프로젝트에서 10%의 지분을 얻을 기회를 가지고 있습니다.

Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) a annoncé des changements significatifs dans sa direction financière. L'entreprise a nommé Mme Donna McLean comme nouvelle Directrice financière, avec effet immédiat. Mme McLean apporte plus de 30 ans d'expérience en rapport financier, contrôles et administration, avec une spécialisation dans les entreprises d'exploration minérale junior. Cette nomination coïncide avec l'engagement de Grove Corporate Services pour le financement d'entreprise, la comptabilité et le soutien administratif.

La nouvelle CFO remplace Sabino Di Paola, qui a occupé ce poste de mai 2023 à septembre 2024. La PDG de Pelangio, Ingrid Hibbard, a exprimé sa gratitude pour les contributions de M. Di Paola et son enthousiasme pour l'expertise de Mme McLean dans le secteur minier. L'entreprise se concentre actuellement sur son Projet Manfo, en collaboration avec MFD Investment Holdings SA, qui a la possibilité d'acquérir un intérêt de 10 % dans le projet grâce à des investissements importants et des jalons de développement.

Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) hat bedeutende Änderungen in seiner Finanzführung bekannt gegeben. Das Unternehmen hat Frau Donna McLean als neue Finanzvorständin ernannt, mit sofortiger Wirkung. Frau McLean bringt über 30 Jahre Erfahrung in der finanziellen Berichterstattung, Kontrolle und Verwaltung mit, mit einer Spezialisierung auf Junior-Mineralexplorationsunternehmen. Diese Ernennung fällt zusammen mit dem Engagement von Grove Corporate Services für Unternehmensfinanzierung, Buchhaltung und administrativen Support.

Die neue CFO ersetzt Sabino Di Paola, der von Mai 2023 bis September 2024 in dieser Rolle tätig war. Die CEO von Pelangio, Ingrid Hibbard, drückte ihre Dankbarkeit für die Beiträge von Herrn Di Paola aus und zeigte sich begeistert von der Expertise von Frau McLean im Bergbausektor. Das Unternehmen konzentriert sich derzeit auf sein Manfo-Projekt und arbeitet mit MFD Investment Holdings SA zusammen, das die Möglichkeit hat, durch bedeutende Investitionen und Entwicklungsmeilensteine einen Anteil von 10 % an dem Projekt zu erwerben.

Positive
  • Appointment of experienced CFO with 30+ years in financial management and mineral exploration
  • Engagement of Grove Corporate Services for enhanced corporate support
  • Ongoing focus on Manfo Project with potential for significant investment from MFD Investment Holdings SA
Negative
  • None.

TORONTO, ON / ACCESSWIRE / September 3, 2024 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") announces that the Company has hired Grove Corporate Services Ltd. to provide corporate finance, accounting, and administrative support, and is pleased to announce the appointment of Ms. Donna McLean as Chief Financial Officer ("CFO") effective immediately.

Ms. McLean has over 30 years' experience working with numerous publicly traded and private companies, specializing in the areas of financial reporting, controls and administration, and has served as CFO for several junior mineral exploration companies.

Ms. McLean will take over the role of CFO from Sabino Di Paola, who served as Pelangio's CFO from May 2023 to September 2024.

President and CEO Ingrid Hibbard stated:

"Pelangio's Board of Directors and management are grateful for the excellent guidance provided by Mr. Di Paola to the Company during his time as CFO. We wish him the best as he focuses on other opportunities. We are equally excited to have our team bolstered by Ms. McLean's experience in the mining sector and Grove Corporate Services, particularly as we continue to focus on our Manfo Project and collaborate with MFD Investment Holdings SA, which has the right to earn a 10% interest in the Manfo Project by either, investing up to US$1 million in development expenses and completing a Preliminary Economic Assessment (PEA) on the project by December 31, 2025, or by achieving a first gold pour by December 2027."

About Pelangio

Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100% owned camp-sized properties: the 100 km2 Manfo property, the site of eight near-surface gold discoveries, and the 284 km2Obuasi property, located 4 km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property. See www.pelangio.com for further details on all Pelangio's properties.

For additional information, please visit our website at www.pelangio.com, or contact:

Ingrid Hibbard, President and CEO
Tel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: info@pelangio.com

Forward Looking Statements

Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include statements regarding the Company's strategy of acquiring large land packages in areas of sizeable gold mineralization, and the Company's ability to complete the planned exploration programs. Regarding forward-looking statements and information contained herein, we have made many assumptions, including about the state of the equity markets. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include the changes in equity markets, share price volatility, volatility of global and local economic climate, gold price volatility, political developments in Ghana, and Canada, increases in costs, exchange rate fluctuations, speculative nature of gold exploration, including the risk that favourable exploration results may not be obtained, near-term production may not be viable, delays due to COVID-19 or other safety protocols, and other risks involved in the gold exploration industry. See the Company's annual and quarterly financial statements and management's discussion and analysis for additional information on risks and uncertainties relating to the forward-looking statement and information. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward- looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Pelangio Exploration Inc.



View the original press release on accesswire.com

FAQ

Who is the new CFO of Pelangio Exploration (PGXPF)?

Pelangio Exploration (PGXPF) has appointed Ms. Donna McLean as its new Chief Financial Officer, effective immediately. Ms. McLean has over 30 years of experience in financial reporting, controls, and administration, specializing in junior mineral exploration companies.

What is the Manfo Project mentioned in Pelangio Exploration's (PGXPF) press release?

The Manfo Project is a key focus for Pelangio Exploration (PGXPF). MFD Investment Holdings SA has the right to earn a 10% interest in the project by either investing up to US$1 million in development expenses and completing a Preliminary Economic Assessment by December 31, 2025, or by achieving a first gold pour by December 2027.

What external services has Pelangio Exploration (PGXPF) engaged for corporate support?

Pelangio Exploration (PGXPF) has hired Grove Corporate Services to provide corporate finance, accounting, and administrative support to the company.

When did the previous CFO of Pelangio Exploration (PGXPF) serve?

The previous CFO of Pelangio Exploration (PGXPF), Sabino Di Paola, served from May 2023 to September 2024.

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