Pelangio Exploration Announces Private Placement for Gross Proceeds up to $4,000,000
Pelangio Exploration (OTC:PGXPF) has announced a non-brokered private placement offering to raise up to $4 million. The company will issue Units at $0.18 each, with each Unit comprising one common share and half a warrant. Each whole warrant allows purchasing one common share at $0.31 for two years.
The initial closing is expected around October 9th, 2025. The company may pay up to 7% finder's fee and issue finder warrants. Proceeds will fund exploration, metallurgical work, land maintenance, working capital, and general corporate purposes. The securities will have a four-month hold period, and insiders may participate in the offering.
Pelangio Exploration (OTC:PGXPF) ha annunciato un collocamento privato non brokerato per raccogliere fino a 4 milioni di dollari. L’azienda emetterà Unit a 0,18 USD ciascuna, cada Unit è composta da una azione ordinaria e un warrant parziale. Un warrant intero consente di acquistare una azione ordinaria a 0,31 USD per due anni.
La chiusura iniziale è prevista intorno al 9 ottobre 2025. L’azienda può pagare una commissione agli intermediari fino al 7% e emettere warrants per gli intermediari. I proventi saranno destinati a esplorazione, lavori metallurgici, manutenzione del terreno, capitale circolante e scopi aziendali generali. I titoli avranno un periodo di lock-up di quattro mesi e gli insiders possono partecipare all’offerta.
Pelangio Exploration (OTC:PGXPF) ha anunciado una oferta privada no intermediada para captar hasta 4 millones de dólares. La compañía emitirá Unidades a $0,18 cada una, y cada Unidad estará compuesta por una acción ordinaria y medio warrant. Un warrant completo permite comprar una acción ordinaria a $0,31 durante dos años.
Se espera el cierre inicial alrededor del 9 de octubre de 2025. La empresa puede pagar una comisión de colocación de hasta 7% y emitir warrants para colocadores. Los ingresos financiarán exploración, trabajos metalúrgicos, mantenimiento de tierras, capital de trabajo y fines corporativos generales. Los valores tendrán un periodo de retención de cuatro meses, y los insiders pueden participar en la oferta.
Pelangio Exploration (OTC:PGXPF)가 브로커 없이 비공개 자금 조달을 발표하여 최대 400만 달러를 모금할 예정입니다. 회사는 주당 0.18달러에 유닛을 발행하며, 각 유닛은 보통주 1주와 절반의 워런트를 포함합니다. 하나의 워런트 전체는 2년간 0.31달러에 주식 1주를 매입할 수 있습니다.
초종가 마감은 대략 2025년 10월 9일에 예상됩니다. 회사는 최고 7%의 찾는 수수료를 지급하고 찾는 사람들에게 워런트를 발행할 수 있습니다. 자금은 탐사, 광석학 작업, 토지 관리, 운전자본 및 일반 기업 목적에 사용될 예정입니다. 증권은 4개월의 보유 기간이 있으며 내부자도 참여할 수 있습니다.
Pelangio Exploration (OTC:PGXPF) a annoncé une offr e privée non menée par des courtiers pour lever jusqu’à 4 millions de dollars. La société émettra des Unit à 0,18 $ chacun, chaque Unit comprenant une action ordinaire et une demi-option d’achat (warrant). Un warrant entier permet d’acheter une action ordinaire à 0,31 $ pendant deux ans.
La clôture initiale est prévue vers le 9 octobre 2025. La société peut payer des frais de recherche jusqu’à 7% et émettre des warrants pour les chercheurs. Les produits seront utilisés pour l’exploration, les travaux métallurgiques, l’entretien des terres, le fonds de roulement et les finalités générales de l’entreprise. Les valeurs seront soumises à une période de blocage de quatre mois et les initiés peuvent participer à l’offre.
Pelangio Exploration (OTC:PGXPF) hat ein nicht-brokeriertes Privatplatzierungsangebot angekündigt, um bis zu 4 Millionen US-Dollar zu beschaffen. Das Unternehmen wird Units zu 0,18 USD pro Stück ausgeben; jede Unit besteht aus einer Stammaktie und einem halben Warrants. Ein kompletter Warrant berechtigt zum Kauf einer Stammaktie zu 0,31 USD für zwei Jahre.
Der erste Abschluss wird voraussichtlich um den 9. Oktober 2025 erfolgen. Das Unternehmen kann eine Findergebühr von bis zu 7% zahlen und Finder-Warrants ausgeben. Die Erlöse fließen in Exploration, metallurgische Arbeiten, Landpflege, Betriebskapital und allgemeine Unternehmenszwecke. Wertpapiere unterliegen einer Vier-Monats-Trade-Stop-Halt; Insider dürfen an der Emission teilnehmen.
Pelangio Exploration (OTC:PGXPF) أعلنت عن عرض خاص غير وسيط لإصدار أسهم خاصة لجمع حتى 4 ملايين دولار أمريكي. ستصدر الشركة وحدات بسعر 0.18 دولار أمريكي للوحدة، وتتكون كل وحدة من سهم واحد عادي ونصف شهر انتظار (وارنت). يتيح الوارنت الكامل شراء سهم عادي بسعر 0.31 دولار لمدة سنتين.
من المتوقع أن يتم الإغلاق الأول نحو 9 أكتوبر 2025. قد تدفع الشركة عمولة مكتشف تصل إلى 7% وتصدر وارنـت للمكتشفين. ستستخدم العائدات في الاستكشاف، الأعمال المي talurgية، صيانة الأراضي، رأس المال العامل، والغايات المؤسسية العامة. ستكون للأوراق المالية فترة حظر مدتها أربعة أشهر، ويمكن للمطلعين المشاركة في العرض.
Pelangio Exploration (OTC:PGXPF) 宣布了一项非经纪人私募发行，最多募集 400万美元。公司将以每单位 $0.18 发行单位，每单位包含一股普通股和半张认股权证。整张认股权证可在两年内以 $0.31 购买一股普通股。
初次收盘预计在大约 2025年10月9日 左右。公司可能支付高达 7% 的找价费用并发行找价人认股权证。募集资金将用于勘探、冶金工作、土地维护、运作资金及一般企业用途。证券将有四个月的锁定期，内部人士也可参与此发行。
- Raising up to $4 million to fund exploration and operations
- Warrant structure provides potential additional funding at $0.31 per share
- Insider participation indicates management confidence
- Potential dilution for existing shareholders
- 7% finder's fee and additional warrants increase cost of capital
- Shares will be subject to 4-month hold period
Toronto, Ontario--(Newsfile Corp. - September 22, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce a non-brokered private placement for gross proceeds of up to
The Company intends to use the gross proceeds from the Offering for exploration, metallurgical work and land maintenance costs, working capital, and for general corporate purposes.
The Offering is subject to customary closing conditions including, but not limited to, receipt of all necessary corporate and regulatory approvals, including the 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 about October 9th, 2025 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 Company may pay a cash finders' fee in connection with the Offering of up to
Certain insiders of the Company may participate in the Offering. Any participation by insiders in the Offering will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation, based on a determination that fair market value of the participation in the Offering by insiders will not exceed
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.
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 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 Offering, 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 risk that the Company might not be able to raise the entire Offering or any portion thereof, 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.
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FAQ
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