Pelangio Exploration Announces First Tranche Closing Of Private Placement For Gross Proceeds Of $280,000
Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) has closed the first tranche of a non-brokered private placement, raising gross proceeds of $280,000 through the issuance of 11,200,000 units at $0.025 per unit. Each unit consists of one common share and one purchase warrant, with warrants exercisable at $0.05 for three years. The company expects a second and final closing around October 16th, 2024. The total private placement aims to raise up to $400,000. Securities issued are subject to a four-month hold period, expiring on February 11, 2025. The private placement is pending final approval from the TSX Venture Exchange.
Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ha chiuso la prima tranche di un collocamento privato non mediato, raccogliendo proventi lordi di $280.000 attraverso l'emissione di 11.200.000 unità a $0,025 per unità. Ogni unità consiste in un'azione comune e un warrant d'acquisto, con warrant esercitabili a $0,05 per tre anni. La società prevede una seconda e ultima chiusura attorno al 16 ottobre 2024. L'obiettivo totale del collocamento privato è raccogliere fino a $400.000. I titoli emessi sono soggetti a un periodo di blocco di quattro mesi, che scade l'11 febbraio 2025. Il collocamento privato è in attesa dell'approvazione finale da parte del TSX Venture Exchange.
Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ha cerrado la primera tranche de una colocación privada no mediada, recaudando ingresos brutos de $280,000 mediante la emisión de 11,200,000 unidades a $0.025 por unidad. Cada unidad consta de una acción común y un warrant de compra, con warrants que se pueden ejercer a $0.05 por tres años. La compañía espera un segundo y último cierre alrededor del 16 de octubre de 2024. La colocación privada tiene como objetivo recaudar hasta $400,000. Los valores emitidos están sujetos a un período de retención de cuatro meses, que expira el 11 de febrero de 2025. La colocación privada está esperando la aprobación final de la TSX Venture Exchange.
Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF)는 첫 번째 트랜치의 중개 없는 사모 배치를 마감하고 총 수익 $280,000을 11,200,000 유닛을 유닛당 $0.025에 발행하여 확보했습니다. 각 유닛은 한 개의 보통주와 하나의 매수 보증서로 구성되며, 보증서는 3년 동안 $0.05에 행사할 수 있습니다. 이 회사는 2024년 10월 16일경 둘째이자 최종 마감을 예상하고 있습니다. 전체 사모 배치의 목표는 $400,000까지 모으는 것입니다. 발행된 증권은 4개월의 보유 기간이 적용되며, 2025년 2월 11일에 만료됩니다. 사모 배치는 TSX Venture Exchange의 최종 승인을 기다리고 있습니다.
Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) a clos la première tranche d'un placement privé sans courtier, levant des recettes brutes de 280 000 $ grâce à l'émission de 11 200 000 unités à 0,025 $ par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, les bons étant exerçables à 0,05 $ pendant trois ans. La société s'attend à un deuxième et dernier clôture autour du 16 octobre 2024. L'objectif total de ce placement privé vise à lever jusqu'à 400 000 $. Les titres émis sont soumis à une période de blocage de quatre mois, expirant le 11 février 2025. Le placement privé est en attente de l'approbation finale de la TSX Venture Exchange.
Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) hat die erste Tranche einer nicht-verwalteten Privatplatzierung abgeschlossen und brutto Einnahmen von 280.000 $ durch die Ausgabe von 11.200.000 Einheiten zu je 0,025 $ pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, wobei die Warrants für drei Jahre zu 0,05 $ ausgeübt werden können. Das Unternehmen erwartet einen zweiten und letzten Abschluss um den 16. Oktober 2024. Die gesamte Privatplatzierung zielt darauf ab, bis zu 400.000 $ zu sammeln. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltedauer, die am 11. Februar 2025 endet. Die Privatplatzierung steht noch zur endgültigen Genehmigung durch die TSX Venture Exchange aus.
- Raised $280,000 in gross proceeds from the first tranche of private placement
- Issued 11,200,000 units at $0.025 per unit
- Each unit includes a warrant exercisable at $0.05 for three years, potentially providing additional future funding
- Dilution of existing shareholders due to issuance of new shares
- Full $400,000 target not yet reached, with second closing still pending
TORONTO, ON / ACCESSWIRE / October 10, 2024 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has closed the first tranche of a non-brokered private placement of up to
Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of
All securities issued in the closing of this tranche of the Private Placement are subject to a statutory four month plus a day hold period as well as an Exchange (as defined below) hold period, expiring on February 11, 2025. The Private Placement is subject to obtaining final approval from the TSX Venture Exchange (the "Exchange").
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdictions in which such offer, solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus exemptions and restricted to persons to whom the securities may be sold in accordance with the laws of such jurisdictions, and by persons permitted to sell the securities in accordance with the laws of such jurisdictions.
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
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
Tel: 905-336-3828 / 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
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