Welcome to our dedicated page for Pelangio Explora news (Ticker: PGXPF), a resource for investors and traders seeking the latest updates and insights on Pelangio Explora stock.
Pelangio Exploration Inc. (OTC Pink: PGXPF) is a gold exploration company focused on acquiring and exploring land packages on world-class gold belts in Ghana and Canada. The news flow for Pelangio centers on exploration milestones, mineral resource updates, corporate developments and financing activities that support ongoing work on its projects.
Investors following PGXPF news will see regular updates on the company’s flagship Manfo Gold Project in Ghana, where Pelangio has reported an updated independent Mineral Resource Estimate covering four deposits. News releases detail changes in Indicated and Inferred resources, technical parameters used in pit-constrained estimates and the involvement of independent qualified persons and technical consultants.
Pelangio’s news also covers exploration programs across the Manfo-Nkosuo corridor and the Obuasi and Dankran properties. These updates describe activities such as high-resolution UAV magnetics and orthophoto surveys, drilling plans, pitting and trenching programs under earn-in agreements, and geological observations from site visits by the technical team. Such disclosures provide insight into how the company advances targets from early-stage exploration toward more detailed evaluation.
Another recurring theme in Pelangio’s news is capital-raising through non-brokered private placements and warrant exercises. The company reports unit offerings, associated warrants, finders’ fees and insider participation, along with intended use of proceeds for exploration, land maintenance, working capital and general corporate purposes. Corporate governance items, including annual meeting results and stock option plan approvals, also appear in the news stream. Readers interested in PGXPF can use this page to track these exploration, technical and corporate developments over time.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Pelangio Exploration Inc. (OTC PINK:PGXPF) announced a 1,000-meter diamond drilling program at its Manfo Project in Ghana, set to commence in March 2023. This program follows a successful phase in late 2021, which discovered a new gold lode in the Pokukrom West deposit, returning 3.19 g/t Au over 12 meters. The new drilling aims to explore extensions of the Pokukrom East and West deposits, as well as test a confirmed gold anomaly. The Manfo Project has a reported gold resource of 195,000 oz Indicated and 298,000 oz Inferred. The drilling is expected to take 4 to 5 weeks, with assay results anticipated shortly after.
Pelangio Exploration Inc. has successfully closed the second and final tranche of a non-brokered private placement, raising $485,000 from the issuance of 16,166,667 units at $0.03 per Unit. This follows the first tranche that raised $235,000. Each Unit consists of one common share and one warrant, with warrants priced at $0.05 until December 16, 2025. The total gross proceeds from the private placement reached $720,000. Finder's fees include $21,180 in cash and 706,000 warrants.
Pelangio Exploration Inc. (OTC PINK:PGXPF) announced plans to extend the expiration of certain outstanding warrants, subject to TSX Venture Exchange approval. The company will amend the expiration dates of approximately 14.6 million warrants to December 3, 2024, and other smaller amounts to the same date. Additionally, it has revised the terms of its option agreement for the Dankran project, increasing the final share issuance from 750,000 to 2,000,000 and altering the cash payment schedule. The changes aim to improve financial flexibility and facilitate ongoing exploration efforts.