Business
Pelangio Exploration Inc. Amends Stock Option Plan
TORONTO, ON / ACCESSWIRE / October 28, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PG...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Exploration Inc. Amends Stock Option PlanTORONTO, ON / ACCESSWIRE / October 28, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") announces that it has amended its fixed stock option plan (\"the Plan\") whereby it has increased the number of shares reserved for issuance under the Plan from 2,700,000 shares to 5,300,000 shares.The Company also announces the grant of a total of 3,275,000 stock options to certain directors, officers, employees and consultants of the Company pursuant to the Plan. The stock options are exercisable for a period of 5 years from the date of grant at a price of $0.17 per Share.About Pelangio Pelangio acquires and explores world-class gold belt land packages in Canada and Ghana, West Africa. Its key properties in Ontario, Canada, are the Grenfell property, located 10 km from Kirkland Lake, and the Dome West property, situated some 800 meters from the Dome Mine in Timmins. 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 4 km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine. See www.pelangio.com for further detail on all Pelangio's properties.For additional information, please visit our website at www.pelangio.com, or contact:Ingrid Hibbard, President and CEOTel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: [email protected] 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 ability to complete the planned work programs, the Company's strategy of acquiring large land packages in areas of siz...