Pelangio Exploration Inc V.PX

Alternate Symbol(s): PGXPF

Metals & Mining Gold

Pelangio Exploration Inc. acquires and explores prospective land packages located in gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100% owned camp-sized properties: the 100 square kilometers Manfo property, the site of eight near-surface gold discoveries, and the 284 square kilometers Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashanti's high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property. The Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, about 15 km southeast of Newmont's Ahafo gold mine. The Dankran project covers an area of approximately 34.65 square kilometers contiguous to the northeastern corner of its Obuasi project. Its Canadian properties include Gowan Property, Grenfell Property, Kenogaming Property, Hailstone Property, Birch Lake Property, and Poirier Gold Property, and others.

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Pelangio Exploration Inc

Bullboard Posts

Comment by truthbetoldon Aug 09, 2012 9:43am

159 Views

Post# 20197822

RE: RE: News out on new financing

These financings at the all time low will be the death of this company. She'll need to come back to the market in a month and dilute more. I've been with pelangio since before the Detour gold spin out and I've bought and sold many times. My last time in was during the private placement at .80. I'm afraid we'll never see that again as I see this company and many others diluting to the death just to stay afloat. JMHO

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