Pelangio Exploration Inc.: Pelangio Exploration Completes Final Tranche of Previously Announced Private Placement for Total Aggregate Gross Proceeds of $2,211,700 and Provides Exploration Update
TORONTO, ON / ACCESSWIRE / December 10, 2020 /
Pelangio Exploration Inc.
(TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has closed the final tranche of the non-brokered private placement previously announced on November 16, 2020 and November 24, 2020, and December 3, 2020 (the "
Offering"). In this final tranche, the Company raised aggregate gross proceeds of $970,800 (the "
Final Tranche") by issuing 6,650,000 hard dollar units (the "
HD Units") at a price of $0.13 per HD Unit and 625,294 common shares of the Company issued on a flow-through basis (the "