Pelangio Exploration Inc.

Published : June 29th, 2009

Exploration Provides Property Update and Confirms Completion of Continuance

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PELANGIO EXPLORATION PROVIDES PROPERTY UPDATE AND CONFIRMS COMPLETION OF CONTINUANC

TORONTO, Ontario, (June 29, 2009) - Pelangio Exploration Inc. (PX:TSX-V) ("Pelangio" or the "Company"), in response to a number of queries from investors, is pleased to provide an update on the location of its Thunder Gold and Poirier properties (the "Property") in the West Timmins District of Ontario. The Property is located adjacent to the Thunder Creek Joint Venture, a 60/40 joint venture between Lake Shore Gold Corp. and West Timmins Mining Inc., as approximated on the map, below.

To view the location map of Pelangio's Thunder Gold and Poirier claims relative to LSG and West Timmins Mining, please click on the thumbnail below:

 

Continuance to the Canada Business Corporations Act

At the annual and special meeting of Pelangio's shareholders on June 25, 2009, the shareholders approved the continuance (the "Continuance") of the Company from the Business Corporations Act (Alberta) to the Canada Business Corporations Act, as further described in the Company's management information circular dated May 26, 2009. The Continuance was effected on June 25, 2009.

Pelangio to be featured on CEO Clips airing on BNN

CEO Clips, a series of 1-2 minute corporate profiles on Canadian companies, will feature Pelangio on BNN from June 29 to July 29, 2009. The clip can also be viewed online via the following link: http://www.pelangio.com/s/Home.asp. In addition, the clip will be posted on Yahoo Finance Canada, stockhouse.ca and MSN Finance as well as www.ceoclips.com.

About Pelangio

Pelangio is a gold exploration company active in the top-ranked mining jurisdictions in the world, Canada and Ghana. The Company's main focus is to advance its exploration programs on its premier land position in Ghana totaling 290 square kilometres, located on strike and adjacent to AngloGold Ashanti's Obuasi gold mine.

About BNN

Business News Network (BNN) is Canada's only all business specialty channel with real time coverage of global market activity from a Canadian perspective.  

For additional information, please visit our website at www.pelangio.com or contact:

Ingrid Hibbard, President & CEO or
Brendan Cahill, Corporate Secretary
Tel: 905-875-3828 / Toll Free: 1-877-746-1632 / Email: info@pelangio.com

Forward 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. With respect to forward-looking statements and information contained herein, we have made numerous assumptions. Forward-looking statements and information include statements regarding our exploration plans and exploration results with respect to our properties, and are subject to forward-looking risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include gold price volatility, changes in equity markets and other risks involved in the gold exploration industry. See our management information circular and our annual and quarterly management's discussion and analysis for additional information on risks and uncertainties relating to the forward-looking statement and information. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

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.  

 

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<
Data and Statistics for these countries : Canada | Ghana | All
Gold and Silver Prices for these countries : Canada | Ghana | All

Pelangio Exploration Inc.

EXPLORATION STAGE
CODE : PX.V
ISIN : CA7056461071
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Pelangio Exploration is a gold and copper exploration company based in Canada.

Pelangio Exploration holds various exploration projects in Canada.

Its main exploration properties are BIRCH LAKE, SEELEY LAKE, POIRIER GOLD, MANITOUWADGE, BLACK TOWNSHIP, SIMON, BLOCK A, ROSS EAST and STOUGHTON in Canada and MANFO PROPERTY and OBUASI PROJECT in Ghana.

Pelangio Exploration is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.7 millions as of today (US$ 3.4 millions, € 3.2 millions).

Its stock quote reached its highest recent level on November 05, 2010 at CA$ 1.31, and its lowest recent point on December 31, 2015 at CA$ 0.01.

Pelangio Exploration has 235 540 000 shares outstanding.

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Financings of Pelangio Exploration Inc.
10/17/2013Closes Private Placement for Proceeds of $520,000
9/24/2013Announces $520,000 Private Placement Financing
8/22/2013Closes Private Placement for Proceeds of $650,000
8/13/2013Announces $650,000 Private Placement Financing
3/15/2013Closes Private Placement for Proceeds of $1,540,000
4/14/2011Receives Proceeds of $5,977,655 from Exercise of Warrants an...
2/24/2011Closes Private Placement for Proceeds of $4,000,000
4/18/2007Closes Private Placement
Project news of Pelangio Exploration Inc.
10/30/2013(Manfo Property)Provides Exploration Update on the Manfo Property
7/11/2011(Manfo Property)Further Defines Gold Zone at Pokukrom West on the Manfo Prop...
5/5/2011(Manfo Property)Intersects 1.53 g/t Gold Over 42 Metres at Pokukrom East on ...
3/23/2011(Obuasi Project)Commences Drilling on the Obuasi Property
3/4/2011(Manfo Property)Intersects 4.18 g/t Gold Over 12 Metres at Pokukrom East on ...
1/24/2011(Manfo Property)Intersects 1.50 g/t Gold Over 51 Metres at Pokukrom East on ...
5/15/2008(Obuasi Project)2008 Technical report
Corporate news of Pelangio Exploration Inc.
5/31/2016PELANGIO REPORTS ANNUAL GENERAL MEETING VOTING RESULTS AND R...
1/19/2016Pelangio Grants Options and Provides Update
7/14/2015Pelangio Exploration Announces Closing of First Tranche of P...
3/27/2015Pelangio Grants Options
5/13/2014Pelangio Exploration Reports Results of Annual Meeting of Sh...
5/8/2014Pelangio Intersects 49.5 Metres Grading 1.18 g/t Gold at Nka...
6/21/2013Announces Filing of the Maiden Resource Estimate 43-101 Tech...
5/7/2013Announces Maiden Resource Estimate for Manfo Gold Project in...
11/8/2012Reports Remaining Results from Manfo Project
9/26/2012Identifies New Mineralized Area at Sika North on the Manfo P...
6/16/2011Acquires 100% of the Obuasi Property
5/26/2011Reports Results of Annual Meeting of Shareholders
9/2/2009Exploration receives extension on the Meduma concession, Gha...
6/29/2009Exploration Provides Property Update and Confirms Completion...
3/29/2007Update on Pelangio properties in Ontario
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