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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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