Pelangio Exploration Inc V.PX

news out yesterday, any comments!

[juspam1]

NEWS RELEASE PELANGIO EXPLORATION ENGAGES ASTY CAPITAL AG FOR CONSULTING AND ADVISORY SERVICES TORONTO, Ontario (March 27, 2018) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) is pleased to announce that it has entered into an agreement with Asty Capital AG (“Asty Capital”) to provide consulting and advisory services. Asty Capital, based in Zurich, Switzerland, is an independent investment company focusing on the precious metals and resources sector. Consideration In consideration of entering into this agreement and for the various introductions and advisory services already provided to Pelangio, including the introduction to David Paxton, who recently joined the board of directors of Pelangio, Asty Capital will receive 2,000,000 common shares of Pelangio. Pelangio will also pay a quarterly fee of USD $25,000 commencing on April 3, 2018. The term of the agreement is for one year. Resale of the common shares being issued will be restricted for a period of four months plus one day from the date of issuance. The proposed share issuance is subject to Pelangio receiving prior approval of the TSX Venture Exchange. Ingrid Hibbard, President and CEO of Pelangio Exploration stated, “With the formalization of our relationship with Asty Capital,which was founded in 1979, we look forward to drawing on their years of experience in Europe and in the precious metals and resources sector.” About Pelangio Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts. The Company primarily operates in Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. 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 4 km on strike and adjacent to AngloGold Ashanti’s prolific high-grade Obuasi Mine and the earlystage 159 km2 Akroma Properties, which includes the Dormaa and Wamfie concessions. For additional information, please visit our website at www.pelangio.com, or contact: Ingrid Hibbard, President and CEO Tel: [phone] / Toll-free: 1-877-746-1632 / Email: [e-mail]