Pelangio Exploration Completes Final Tranche of Private Placement for Aggregate Gross Proceeds of $4,500,000
Pelangio Exploration (OTC: PGXPF) closed the second and final tranche of a non‑brokered private placement, increasing aggregate gross proceeds to $4,500,000 on October 22, 2025. The Final Tranche raised $1,037,399.76 from 5,763,332 Units at $0.18 per Unit, bringing total Units issued across both tranches to 25,000,000.
Each Unit comprises one common share and one half Warrant; whole Warrants exercise at $0.31 until October 9, 2027. Finder's fees totaled $453,396.32 cash plus non‑transferable finder's warrants to purchase 2,371,130 shares at $0.18. Insider participation totaled 702,832 Units. Securities are subject to statutory hold periods expiring February 23, 2026, and TSXV final approval remains pending.
Pelangio Exploration (OTC: PGXPF) ha chiuso la seconda e ultima tranche di un collocamento privato non intermediato, aumentando i proventi lordi complessivi a $4,500,000 il 22 ottobre 2025. La Final Tranche ha raccolto $1,037,399.76 da 5,763,332 unità a $0.18 per unità, portando il totale delle unità emesse tra entrambe le tranche a 25,000,000.
Ogni Unit comprende una azione ordinaria e una metà di warrant; i warrant completi si esercitano a $0.31 fino al 9 ottobre 2027. Le commissioni da Finder ammontano a $453,396.32 in contanti più warrant di finder non trasferibili per l'acquisto di 2,371,130 azioni a $0.18. La partecipazione degli insider ammonta a 702,832 Units. I titoli sono soggetti a periodi di trattenuta previsti dalla legge in scadenza 23 febbraio 2026, e l'approvazione finale TSXV resta pendente.
Pelangio Exploration (OTC: PGXPF) cerró la segunda y última tranche de una colocación privada no intermediada, aumentando los ingresos brutos agregados a $4,500,000 el 22 de octubre de 2025. La Tranche Final recaudó $1,037,399.76 de 5,763,332 Unidades a $0.18 por Unidad, llevando a un total de 25,000,000 Unidades emitidas entre ambas tranches.
Cada Unidad comprende una acción ordinaria y una mitad de Warrant; los Warrants completos se ejercen a $0.31 hasta el 9 de octubre de 2027. Las comisiones de Finder ascendieron a $453,396.32 en efectivo más warrants de Finder no transferibles para comprar 2,371,130 acciones a $0.18. La participación de insiders totalizó 702,832 Unidades. Los valores están sujetos a períodos de retención legales que expiran el 23 de febrero de 2026, y la aprobación final de TSXV sigue pendiente.
Pelangio Exploration (OTC: PGXPF) 비제조 중개 없는 비공개 배정의 두 번째이자 최종 분할을 마무리하여 2025년 10월 22일 총 총수익이 $4,500,000으로 증가했습니다. Final Tranche은 $1,037,399.76를 5,763,332 유닛에서 받았고 유닛당 $0.18, 총 유닛 발행 수는 두 분할 합쳐 25,000,000에 이릅니다.
각 유닛은 보통주 1주와 반 개의 워런트를 포함합니다; 전체 워런트는 $0.31로 2027년 10월 9일까지 행사됩니다. 중개 수수료는 현금 $453,396.32와 양도 불가 중개 워런트로 2,371,130주를 $0.18에 매수합니다. 내부자 참여는 702,832 유닛으로 산정됩니다. 증권은 법정 보유 기간인 2026년 2월 23일까지 적용되며, TSXV의 최종 승인은 아직 보류 중입니다.
Pelangio Exploration (OTC: PGXPF) a clos la deuxième et ultime tranche d’un placement privé non intermédié, portant les recettes brutes totales à $4,500,000 le 22 octobre 2025. La tranche finale a levé $1,037,399.76 auprès de 5,763,332 unités à $0.18 par unité, portant le total des unités émises sur les deux tranches à 25,000,000.
Chaque unité comprend une action ordinaire et une demi-option; les warrants complets s’exercent à $0.31 jusqu’au 9 octobre 2027. Les commissions de Finder s’élèvent à $453,396.32 en espèces plus des warrants de Finder non transférables pour l’achat de 2,371,130 actions à $0.18. La participation des initiés totalise 702,832 unités. Les valeurs sont soumises à des périodes de détention légales expirant le 23 février 2026, et l’approbation finale de la TSXV reste en suspens.
Pelangio Exploration (OTC: PGXPF) hat die zweite und letzte Tranche einer nicht-brokered Private Placement abgeschlossen und die Bruttoerlöse insgesamt auf $4,500,000 am 22. Oktober 2025 erhöht. Die Finaltranche brachte $1,037,399.76 von 5,763,332 Units zu $0.18 pro Unit ein und führte zu insgesamt 25,000,000 Units, die über beide Tranchen emittiert wurden.
Jede Unit umfasst eine Stammaktie und einen halben Warrant; volle Warrants werden zu $0.31 bis zum 9. Oktober 2027 ausgeübt. Findergebühren betrugen $453,396.32 in bar plus nicht übertragbare Finder-Warrants zum Kauf von 2,371,130 Aktien zu $0.18. Die Insidern-Teilnahme beläuft sich auf 702,832 Units. Wertpapiere unterliegen gesetzlich festgelegten Haltefristen, die am 23. Februar 2026 enden, und die endgültige TSXV‑Genehmigung steht noch aus.
Pelangio Exploration (OTC: PGXPF) أغلقت الجزء الثاني والأخير من طرح خاص غير وسيط، مرتفعة العوائد الإجمالية بمقدار $4,500,000 في 22 أكتوبر 2025. جلبت الحصة النهائية $1,037,399.76 من 5,763,332 وحدة بسعر $0.18 للوحدة، ليصل إجمالي الوحدات المصدرة عبر كلا الجزأين إلى 25,000,000.
تتكوّن كل وحدة من سهم عادي ونصف مذكرة حق؛ يتم ممارسة المذكرة الكاملة بسعر $0.31 حتى 9 أكتوبر 2027. بلغت عمولات Finder النقدية $453,396.32 إضافة إلى مذكرات Finder غير القابلة للتحويل لشراء 2,371,130 أسهم بسعر $0.18. شارك المطلعون بمقدار 702,832 وحدة. الأوراق المالية تخضع لفترات حيازة قانونية منتهية في 23 فبراير 2026، وما تزال الموافقة النهائية من TSXV قيد الانتظار.
Pelangio Exploration (OTC: PGXPF) 已完成非经纪人私募的第二轮也是最后一轮配售，使总毛收入在2025年10月22日达到$4,500,000。最终轮从5,763,332份单位中筹得$1,037,399.76，每份单位价格为$0.18，两轮总共发行的单位数达到25,000,000。
每份单位包含1股普通股和半个权证；完整权证在$0.31的价格下可行使，截止日期为2027年10月9日。寻找费用合计为$453,396.32现金，以及不可转让的 Finder 权证，用于购买2,371,130股，价格为$0.18。内部人士参与总计702,832单位。证券受法定持有期约束，至2026年2月23日到期，TSXV的最终批准仍在待定。
- Aggregate gross proceeds of $4,500,000
- Final Tranche raised $1,037,399.76
- Total issued Units: 25,000,000
- Warrant exercise price $0.31 expiring Oct 9, 2027
- Finder's fees paid in cash: $453,396.32
- Finder's warrants potentially dilute 2,371,130 shares at $0.18
- Insiders purchased 702,832 Units (related party transaction)
Toronto, Ontario--(Newsfile Corp. - October 22, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Final Tranche") of the non-brokered private placement first announced on September 22, 2025 (the "Private Placement") and increased to
In connection with the Final Tranche, each Unit consisted of one common share of the Company (a "Common Share") and one half of one Common Share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to purchase one Common Share at a price of
The Company paid finder's fees to securities dealers totaling
Certain insiders of the Company participated in the Private Placement by purchasing 702,832 Units in the Final Tranche, constituting a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company was exempt from the formal valuation and minority approval requirements of MI 61-101 pursuant to the exemptions contained in 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 jurisdictions in which such offer, solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus exemptions and restricted to persons to whom the securities may be sold in accordance with the laws of such jurisdictions, and by persons permitted to sell the securities in accordance with the laws of such jurisdictions.
About Pelangio
Pelangio acquires and explores world-class land packages on strategic gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two
For additional information, please visit us at 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 Company's exploration plans. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions 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 ability of the Company to conduct our exploration programs as planned, changes in equity markets, share price volatility, volatility of global and local economic climate, gold price volatility, political developments in Ghana, increases in costs, exchange rate fluctuations, speculative nature of gold exploration 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.
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FAQ
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