21:09:07 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Pelangio Exploration Inc
Symbol PX
Shares Issued 207,875,763
Close 2014-08-19 C$ 0.055
Market Cap C$ 11,433,167
Recent Sedar Documents

Pelangio Exploration 15-million-share private placement

2014-08-20 19:50 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 5, 2014.

Number of shares:  15 million shares

Purchase price:  Four cents per share

Warrants:  7.5 million share purchase warrants to purchase 7.5 million shares

Warrant exercise price:  Five cents for an 18-month period

Number of placees:  20 placees

Insiders:  Carl Nurmi, 1.25 million; Notae Investments Ltd. (Thor Eaton), 2.25 million; Peter Cossgrove, 500,000; Warren Bates, 250,000; Ingamar Explorations Ltd. (Ingrid Hibbard), 2.25 million

Total pro group involvement:  3,775,000 (three placees)

Finder's fee:  $13,510 payable to Jones, Gable & Company Ltd.

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company's news release dated Aug. 15, 2014.

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