Pelangio Exploration Inc. is pleased to announce that it has closed a non-brokered private placement of 25,000,000 units of the Company at a price of $0.04 per Unit for gross proceeds of $1,000,000 . Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common Share for a period of 36 months from the date of the issue of the Warrants [...]
Pelangio Exploration Inc. announces an extension to the timeline for the completion of the Mineral Resource Estimate for the Manfo Project. This extension follows the recent strategic agreement with FJ Minerals Limited for the option to acquire up to an 83% interest in the adjacent Nkosuo Project. Pending the due diligence period, the Nkosuo Project is expected to become an integral part of a larger Manfo-Nkosuo combined [...]
Pelangio Exploration Inc. today announced that the Board of Directors has approved the grant of 1,500,000 incentive stock options to certain directors, officers, employees and consultants of the Company. The stock options are exercisable into common shares of the Company at a price of $0.06 per share. Subject to the rules of the TSX Venture Exchange and the Company's Stock Option Plan, the options have a term of 10 years [...]
Pelangio Exploration Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to $1,000,000 . The Offering will consist of the sale of units of the Company at a price of $0.04 per Unit. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.05 for a period of 3 years from [...]
Pelangio Exploration Inc. is pleased to announce it has entered into a strategic agreement dated February 24th, 2025 with FJ Minerals Limited granting Pelangio the right to acquire up to an 83% interest in FJ's Nkosuo Project, located adjacent to Pelangio's Manfo Project on the Sefwi Belt in the Ashanti Region of Ghana. The agreement outlines the terms of cooperation between Pelangio and FJ for the development of our [...]
Pelangio Exploration Inc. is pleased to announce that a geochemical pitting program planned to test targets resulting from the recently completed UAV magnetics survey has commenced on Pelangio's Obuasi property. Ingrid Hibbard, President and CEO, commented: "The UAV airborne magnetics survey recently completed on Pelangio's Obuasi property has resulted in a more accurate interpretation of the strike extension of the [...]
High-Resolution Survey Highlights Untested Targets on Highly Prospective Ground Pelangio Exploration Inc. is pleased to announce the completion of a high-resolution UAV airborne magnetics survey on its Obuasi property in Ghana. The survey has returned highly encouraging results, highlighting the interpreted strike extension of the Obuasi Mine trend with multiple untested targets. Ingrid Hibbard, President and CEO [...]
Pelangio Exploration Inc. is pleased to announce that the company will attend the upcoming 2024 Precious Metals Summit in Zurich, taking place from November 14th to November 15, 2024. This exclusive event gathers top-tier investors, analysts, and executives from the precious metals sector. As Pelangio explores the potential for near-term production at its flagship Manfo gold project in Ghana, the Zurich Summit provides an [...]
Pelangio Exploration Inc. is pleased to announce that a high-resolution UAV airborne magnetics survey has commenced on its Obuasi property, adjacent to the giant high-grade Obuasi Mine owned by AngloGold Ashanti PLC. The survey is expected to take 3-4 weeks to complete. Ingrid Hibbard, President and CEO, commented: "The high-resolution airborne drone magnetics survey covers one of the most prospective areas of our Obuasi [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the second and final tranche of a non-brokered private placement of up to 16,000,000 units of the Company at a price of $0.025 per Unit for gross proceeds of $400,000, as announced on September 8th, 2024 . Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder to purchase one Share [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the first tranche of a non-brokered private placement of up to $400,000 as announced on September 8th, 2024 . The first tranche raised gross proceeds of $280,000 from the issuance of 11,200,000 units at a price of $0.025 per Unit. A second and final closing is expected to occur on or about October 16th, 2024. Each Unit consists of one common share of the [...]
Updated MRE Expected by December Pelangio Exploration Inc. is pleased to announce that work has commenced on updating the Mineral Resource Estimate for the Manfo Project, located in Ghana's prolific Sefwi Gold Belt. The updated MRE is a critical step forward in advancing the project. The new MRE is anticipated to be completed in December with a site visit by SRK Consulting Ghana Ltd. already completed. Ingrid Hibbard [...]