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

Core Viewpoint - Pelangio Exploration Inc. has raised gross proceeds of $1,395,933.35 through the exercise of 27,918,667 common share purchase warrants at an exercise price of $0.05 per warrant, which will be used to advance its projects and for general working capital [1][2]. Group 1: Financial Details - The company received gross proceeds of $1,395,933.35 from the exercise of 27,918,667 common share purchase warrants [1]. - The exercise price for the warrants was set at $0.05 each [1]. Group 2: Use of Proceeds - The proceeds will be allocated towards advancing the company's projects and for general working capital and corporate purposes [2]. - The company plans to continue work across its Ghana and Canadian portfolios [2]. Group 3: Company Overview - Pelangio Exploration Inc. focuses on acquiring and exploring land packages in gold-rich regions, specifically in Ghana and Canada [3]. - In Ghana, the company is exploring two 100% owned properties: the 100 km² Manfo property, which has eight near-surface gold discoveries, and the 284 km² Obuasi property, located near AngloGold Ashanti's high-grade Obuasi Mine [3].