Pelangio Exploration Announces Private Placement for Gross Proceeds Up To $400,000
Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) has announced a non-brokered private placement to raise up to $400,000. The offering consists of units priced at $0.025, each comprising one common share and one purchase warrant. Warrants allow holders to buy one common share at $0.05 within three years of the initial closing date.
Proceeds will fund working capital, including exploration, metallurgical work, and general corporate purposes such as land maintenance costs. The offering, expected to close around September 30th, 2024, is subject to regulatory approvals and may occur in multiple tranches. Securities will have a four-month and one-day hold period, and the offering is open to insider participation.
Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) ha annunciato un collocamento privato non intermediato per raccogliere fino a $400.000. L'offerta consiste in unità al prezzo di $0,025, ciascuna composta da un'azione ordinaria e un warrant di acquisto. I warrant consentono ai titolari di acquistare un'azione ordinaria a $0,05 entro tre anni dalla data di chiusura iniziale.
I proventi finanzieranno capitale circolante, inclusi lavori di esplorazione, lavori metallurgici e scopi aziendali generali come i costi di manutenzione del terreno. L'offerta, prevista per chiudere intorno al 30 settembre 2024, è soggetta ad approvazioni regolamentari e può avvenire in più tranche. I titoli avranno un periodo di blocco di quattro mesi e un giorno, e l'offerta è aperta alla partecipazione di insider.
Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) ha anunciado una para recaudar hasta $400,000. La oferta consiste en unidades con un precio de $0.025, cada una compuesta por una acción ordinaria y una garantía de compra. Las garantías permiten a los titulares comprar una acción ordinaria a $0.05 dentro de los tres años posteriores a la fecha de cierre inicial.
Los ingresos financiarán capital de trabajo, incluidos trabajos de exploración, trabajo metalúrgico y propósitos corporativos generales, como los costos de mantenimiento del terreno. Se espera que la oferta cierre alrededor del 30 de septiembre de 2024, está sujeta a aprobaciones regulatorias y puede ocurrir en múltiples tramos. Los valores tendrán un período de retención de cuatro meses y un día, y la oferta está abierta a la participación de personas internas.
Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF)는 최대 $400,000을 모금하기 위한 비중개 사모펀드를 발표했습니다. 이 제안은 $0.025의 가격으로 설정된 유닛으로 구성되어 있으며, 각 유닛은 하나의 보통주와 하나의 매수 워런트로 구성됩니다. 워런트는 보유자가 초기 마감일로부터 3년 이내에 $0.05에 보통주 1주를 구매할 수 있는 권한을 부여합니다.
수익금은 탐사, 제련 작업 및 토지 유지 관리 비용과 같은 일반적인 기업 목적을 포함한 운영 자본을 위해 사용될 것입니다. 이 제안은 2024년 9월 30일경에 마감될 예정이며, 규제 승인을 받아야 하며 여러 차트로 발생할 수 있습니다. 증권은 4개월 1일의 보유 기간이 있으며, 제안은 내부자 참여를 허용합니다.
Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) a annoncé un placement privé sans intermédiaire pour lever jusqu'à $400,000. L'offre est constituée d'unités au prix de $0,025, chaque unité comprenant une action ordinaire et un bon de souscription. Les bons de souscription permettent aux détenteurs d'acheter une action ordinaire à $0,05 dans les trois ans suivant la date de clôture initiale.
Les produits serviront à financer le fonds de roulement, y compris l'exploration, les travaux métallurgiques et des fins d'entreprise générales telles que les coûts d'entretien des terrains. L'offre, qui devrait se clôturer autour du 30 septembre 2024, est soumise à des approbations réglementaires et peut se dérouler en plusieurs tranches. Les titres auront une période de blocage de quatre mois et un jour, et l'offre est ouverte à la participation des initiés.
Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu $400.000 zu beschaffen. Das Angebot besteht aus Einheiten, die zu einem Preis von $0,025 angeboten werden, wobei jede Einheit eine Stammaktie und ein Kaufwarrant umfasst. Die Warrants erlauben es den Inhabern, innerhalb von drei Jahren ab dem ursprünglichen Closing-Datum eine Stammaktie zu einem Preis von $0,05 zu erwerben.
Die Erlöse werden Betriebskapital finanzieren, einschließlich Exploration, metallurgischen Arbeiten und allgemeinen Unternehmenszwecken wie Landerhaltungskosten. Das Angebot wird voraussichtlich um den 30. September 2024 abgeschlossen, unterliegt jedoch regulatorischen Genehmigungen und kann in mehreren Tranchen erfolgen. Die Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag, und das Angebot steht Insidern offen.
- Potential to raise up to $400,000 in additional capital
- Funds to be used for exploration and metallurgical work
- Warrants provide potential for future capital at $0.05 per share
- Potential dilution of existing shareholders
- Offering price of $0.025 per unit indicates low share price
- No guarantee of raising the full $400,000 target
TORONTO, ON / ACCESSWIRE / September 8, 2024 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") is pleased to announce a non-brokered private placement for gross proceeds of up to
The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or around September 30th, 2024 and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSX-V policies. The Offering is open to participation by insiders.
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 State in which such offer, solicitation or sale would be unlawful.
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 / 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
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