Ms. Ingrid Hibbard reports
PELANGIO REPORTS ANNUAL GENERAL MEETING VOTING RESULTS AND REPORTS FILING OF FIRST QUARTER RESULTS FOR 2016
Pelangio Exploration Inc. has released the voting results from its annual general meeting of shareholders held on May 26, 2016.
Pelangio's shareholders voted in favour of all items of business at the 2016 annual general meeting. A total of 98,280,521 (42.83 per cent) of Pelangio's common shares were represented at the meeting.
The six nominees listed in the management proxy circular were elected as directors of Pelangio. Detailed results of the vote for the election of directors are as follows.
Nominee Votes for (%) Votes withheld (%)
Ingrid Hibbard 90,072,772 99.91 84,351 0.09
Philip Olson 90,061,772 99.89 95,351 0.11
Thor Eaton 90,059,772 99.89 97,351 0.11
David Mosher 90,054,772 99.89 102,351 0.11
Carl Nurmi 90,082,772 99.92 74,851 0.08
Ian Shaw 90.055,772 99.89 101,351 0.11
First quarter results
Also, Pelangio has released its financial and operational results for the three months ended March 31, 2016. Financial reports and management's discussion and analysis are available on both the company's website and SEDAR.
Q1 2016 operational highlights
- Manfo -- in preparation for drilling, a detailed interpretation continued
on a laterite-covered major structure identified in 2015 lying to the
east of the currently explored structure;
- Obuasi -- technical review of exploration along a gold-and-arsenic in-soil anomaly (the NGA trend) under way in preparation for further
drilling;
- Akroma -- paper studies, including the use of satellite imagery, indicate
that substantial galamsey (local artisanal mining) and unregulated
mechanized alluvial operations surrounding the project were carried out
during 2014 to 2015. These alluvial operations appear to be sourced by
large gold-in-soil anomalies on the Pelangio Dormaa concession;
- Poirier -- prepared a 3-D geologic model using all
available public data and a 3-D magnetic inversion, which
indicates that the favourable structure hosting the Rusk and Gap zones
dips into the Poirier property.
Canadian Mining Expo 2016 -- the big event
Pelangio will be presenting and exhibiting at the big event held on Wednesday, June 1, and on Thursday, June 2, 2016, in Timmins, Ont. Pelangio's president and chief executive officer, Ingrid Hibbard, will be giving a presentation about the company at the investors forum on June 2 at 2:10 p.m.
We seek Safe Harbor.
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