ENP Newswire -
Release date- 15082014 -
Each Unit sold pursuant to the Private Placement is composed of one common share (a 'Common Share') and one-half of one common share purchase warrant (each whole purchase warrant, a 'Warrant'). Each Warrant entitles the holder thereof to purchase one Common Share at a price of
In the event that the Common Shares trade on the
The proceeds of the Private Placement will be used for continued exploration at our
The Company will pay a finder's fee of
The Private Placement is subject to receipt of all necessary regulatory approvals, including the
Pelangio successfully acquires and explores camp-sized land packages in world-class goldbelts, while using innovative corporate restructuring to maximize shareholder value. The Company primarily operates in
The Company is exploring three 100%-owned camp sized properties: the 100 km2 Manfo Property, the site of seven recent near-surface gold discoveries, the 264 km2 Obuasi Property, located four kilometres on strike and adjacent to
For additional information, please visit our website at www.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.
Forward-looking statements and information include statements regarding the private placement, the proposed use of proceeds and the Company's exploration plans and drill program. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions about the state of the equity markets.
Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company's 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 changes in equity markets, share price volatility, volatility of global and local economic climate, gold price volatility, political developments in
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.
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