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Financings

Pelangio Exploration Announces Receipt of $1,395,933 in Proceeds from Warrant Exercise

By The Northwire Desk — AI Analysis Dec 23, 2025 · 17:32 PX · 0.26 Pelangio Exploration Inc.
PX · Price

Executive Summary

  • Pelangio Exploration Inc. received gross proceeds of $1,395,933.35 from the exercise of 27,918,667 common share purchase warrants at $0.05 each.
  • The company issued 27,918,667 new common shares to satisfy the warrant exercises.
  • Proceeds will be used to advance exploration projects in Ghana and Canada and for general working capital and corporate purposes.

Key Details

  • Warrant Exercise: 27,918,667 warrants exercised at $0.05 per warrant.
  • Gross Proceeds: $1,395,933.35 received from the exercise.
  • Shares Issued: 27,918,667 common shares issued to warrant holders.
  • Use of Proceeds: Funding continued exploration work on Ghana and Canadian portfolios; general working capital and corporate purposes.
  • Project Highlights (contextual):
  • Ghana: 100% owned Manfo property (8 near‑surface gold discoveries) – 100 km².
  • Ghana: Obuasi property – 284 km², adjacent to AngloGold Ashanti’s high‑grade mine.
  • Ghana: Dankran property – adjacent to Obuasi.

Notable Quotes

No direct quotes were included in the release.

Read the original news release →

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Drill Results Dec 24, 2025 · 03:59

Pelangio’s Low-Cost Warrant Exercises Fuel Exploration Coffers at the Cost of Significant Shareholder Dilution

Financings