Pelangio Exploration Announces Private Placement for Up to $400,000

Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) has announced a non-brokered private placement aiming to raise up to $400,000. Units will be sold at $0.025 each, comprising one common share and one common share purchase warrant. The warrant allows holders to purchase an additional common share at $0.05 within three years from the closing date. The funds will be used for exploration, metallurgical work, and general corporate purposes.

The Offering is subject to regulatory approvals, including the TSX Venture Exchange. It will close in one or more tranches, expected to start around September 30th, 2024. Securities from the Offering have a four-month hold period and are open to insiders. These securities are not registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without registration or exemptions.