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Pelangio Exploration Announces Issuance of Shares for Final Litigation Settlement Payment
TORONTO, ON / ACCESSWIRE / July 30, 2024 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) (...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Exploration Announces Issuance of Shares for Final Litigation Settlement PaymentTORONTO, ON / ACCESSWIRE / July 30, 2024 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") pursuant to the release on July 11, 2023, and January 22, 2024, the Company has agreed to issue 1,500,000 (C$30,000) common shares in the capital of Pelangio at a deemed per-share price of $0.02, which is equal to the end of the day price of Pelangio Shares on the TSX Venture Exchange (the \"TSXV\"). The shares for debt settlement remain subject to approval by the TSXV. The Pelangio Shares will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issuance.This is the final settlement payment under the terms of the settlement agreement.About PelangioPelangio 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 100% owned camp-sized properties: the 100 km2 Manfo property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi property, located four km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi property. See www.pelangio.com for further detail.For additional information, please visit our website at www.pelangio.com, or contact:Ingrid Hibbard, President and CEOT: 905-336-3828 / TF: 1-877-746-1632 / Email: [email protected] Looking StatementsCertain 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 satisfaction of the conditions of the Obuasi litigation settlement and Pelangio's proposed payment...