Business
Pelangio Increases Size of Previously Announced Private Placement to up to $225,000
This News Release is Intended for Distribution in Canada Only and is not Intended for Distri...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Increases Size of Previously Announced Private Placement to up to $225,000This News Release is Intended for Distribution in Canada Only and is not Intended for Distribution to United States Newswire Services or Dissemination in the United StatesTORONTO, ON / ACCESSWIRE / December 16, 2019 / Pelangio Exploration Inc. (TSXV:PX)(OTCPINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce that due to additional demand the Company has increased the size of its previously announced non-brokered private placement of flow-through common shares (\"FT Shares\") from aggregate gross proceeds of up to CDN$165,000 to aggregate gross proceeds of up to CDN$225,000 (the \"Private Placement\"). Pursuant to the Private Placement, the Company will issue an aggregate of up to 1,500,000 FT Shares at a price of $0.15 per FT Share to raise gross proceeds of up to $225,000. For additional details of the Private Placement, please refer to the Company's press release dated December 5, 2019.Neither 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. 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 large land packages in world-class gold belts in Canada and Ghana, West Africa. In Canada, the company is focusing on the Dome West property located 800 metres from the Dome Mine in Timmins, the 25 km2 Birch Lake Property located in the Red Lake Mining District, the Grenfell Property located 10 km from the Macassa Mine in Kirkland Lake, the Dalton Property located 1.5 km from the Hollinger mine in Timmins. In Ghana, the Company is focusing on two 100%-owned camp-sized properties: the 100 km2 Manfo Property, the site of seven recent near-surface gold discoveries, and the 284 km2 Obuasi Property, located 4 k...