11:49:48 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Pelangio Exploration Inc
Symbol PX
Shares Issued 229,475,996
Close 2016-05-31 C$ 0.06
Market Cap C$ 13,768,560
Recent Sedar Documents

Pelangio shareholders elect six directors at AGM

2016-05-31 10:15 ET - News Release

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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