Pelangio Exploration Reports Results of Annual and Special Meeting

Rhea-AI Summary

Pelangio Exploration Inc. (OTC PINK:PGXPF) announced the approval of all management proposals at its annual meeting on June 22, 2022. Shareholders re-elected five directors and reappointed the auditor while reapproving the stock option plan. Pelangio focuses on gold exploration in Ghana and Canada, emphasizing its land packages in world-class gold belts. The company owns properties like the Manfo and Obuasi sites in Ghana and the Dome West and Gowan projects in Canada. Further information is available on their website.

Positive

• Shareholders approved all management proposals at the annual meeting.
• Re-elected board members indicate strong investor confidence.
• Company's exploration focus in gold-rich regions of Ghana and Canada.

Negative

• None.

TORONTO, ON / ACCESSWIRE / June 22, 2022 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") is pleased to announce that all matters proposed by management were approved at Pelangio's annual meeting held Wednesday, June 22, 2022 (the "Meeting").

At the Meeting, shareholders of Pelangio re-elected Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, and Al Gourley to the board of directors. The shareholders also approved the reappointment of its auditor and reapproved the Company's stock option plan. No additional business was brought before the Meeting.

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

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 exploring its two 100% owned camp-sized properties: the 100 km ² Manfo property, the site of eight near-surface gold discoveries, and the 284 km ² Obuasi property, located 4 km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well its Dankran property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario at its Dome West property, situated some 800 meters from the Dome Mine in Timmins and its Gowan polymetallic project, located 16 km east of the Kidd Creek Mine. See www.pelangio.com for further detail on all Pelangio's properties.

For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
T: 905-336-3828 / TF: 1-877-746-1632 / E: 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 exploration plans. With respect to forward-looking statements and information contained herein, we have made numerous assumptions. 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, delays due to COVID-19 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.

SOURCE: Pelangio Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/706247/Pelangio-Exploration-Reports-Results-of-Annual-and-Special-Meeting

FAQ

What were the results of Pelangio's annual meeting on June 22, 2022?

At its annual meeting on June 22, 2022, Pelangio Exploration announced that all management proposals were approved, including the re-election of five directors.

What properties does Pelangio Exploration focus on?

Pelangio Exploration concentrates on gold exploration in Ghana, with properties like Manfo and Obuasi, and in Canada, particularly the Dome West and Gowan projects.

What is the stock symbol for Pelangio Exploration?

The stock symbol for Pelangio Exploration is PGXPF.

Who were re-elected to Pelangio's board of directors?

At the annual meeting, Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, and Al Gourley were re-elected to Pelangio's board of directors.

What financial actions were approved at Pelangio's annual meeting?

Shareholders approved the reappointment of the auditor and reapproved the Company's stock option plan during the annual meeting.