Last C$0.05 CAD
Change Today -0.005 / -9.09%
Volume 9.1K
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Symbol
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Venture
OTC US
Stuttgart
As of 2:56 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

pelangio exploration inc (PX) Snapshot

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Previous Close
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52 Week High
07/22/13 - C$0.11
52 Week Low
12/31/13 - C$0.04
Market Cap
9.6M
Average Volume 10 Days
48.6K
EPS TTM
C$-0.03
Shares Outstanding
192.9M
EX-Date
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pelangio exploration inc (PX) Details

Pelangio Exploration Inc., a junior gold exploration company, engages in the acquisition, exploration, and development of mineral property interests. The company has a 100% interest in the Obuasi Property that covers approximately 290 square kilometers; and the Manfo Property, which covers approximately 100 square kilometers in Ghana, West Africa. It also holds a 100% interest in the Birch Lake and Poirier Gold properties in Ontario, Canada, as well as has interests in various properties located in Ontario and Quebec. Pelangio Exploration Inc. was incorporated in 2008 and is headquartered in Milton, Canada.

Founded in 2008

pelangio exploration inc (PX) Top Compensated Officers

Chief Executive Officer, President and Non-in...
Total Annual Compensation: C$1.0
Chief Financial Officer and Treasurer
Total Annual Compensation: C$54.7K
Senior Vice President of Exploration
Total Annual Compensation: C$144.1K
Compensation as of Fiscal Year 2013.

pelangio exploration inc (PX) Key Developments

Pelangio Exploration Inc. Announces Results from Further Five Reverse Circulation Holes Completed at Nkansu

Pelangio Exploration Inc. announced results from a further five reverse circulation (RC) holes completed at Nkansu during a continuing drill commissioning and exploration program on its Manfo Project, Ghana. The results from the program on the south end of Nkansu indicate a continuous shallow southwest plunging gold mineralized system which remains open to the southwest and at depth. A second zone of mineralization has also been identified about 550 metres to the north. All five drill holes returned significant intercepts. The Grasshopper drill rig performance continues to improve, reaching depths of up to 150 metres which is sufficient for evaluating mineralization with open pit potential. As well, rig productivity increased significantly over the previous program. Drill holes SGRC-322,-323 and -324 were drilled on sections 46650N, 46700N, and 46750N, respectively. These drill holes indicate better widths and grades being seen as drilling moves to the east, indicating a continuous shallow southwest plunging zone. Drill holes SGRC-325, -326 and -327 were drilled 550 metres north on Section 47300N. Drill hole SGRC-326 (collared at the same location as SGRC-327) was abandoned at 15.80 metres. Drill holes on section 47300N were drilled to test coincident induced polarization and gold geochemical targets. Reverse circulation holes were sampled with a conventional three-inch reverse circulation hammer within casing to casing depth. Casing depth is variable and is generally below the oxide/sulphide interface. Below casing depth, reverse circulation holes are sampled with a three-inch centre return reverse circulation hammer. All drilling performed with RC set-up was completed without water injection. Contractors working for Pelangio conducted all logging and sampling. Company security is provided at the drill site. Sample intervals for RC drilling were 1.5 metres, with samples being split from a cyclone exhaust and weighed. A sample in return was split from the primary sample with a riffle splitter to obtain a 2.5 kilogram sample for assay. A sample of chips was extracted from the primary sample with a sieve and water and put in a chip tray with the interval marked on the chip tray. RC chips were logged using hand lens and microscope. The remainder of the sample is stored on site in plastic sample bags in a secure location at the Pelangio compound in Tepa, Ghana. The 2.5 kilogram sample for assay is placed into sealed bags and securely stored at the site before being shipped to the ALS Chemex laboratory in Kumasi, Ghana.

Pelangio Exploration Inc. Auditor Raises 'Going Concern' Doubt

Pelangio Exploration Inc. filed its Annual on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Pelangio Exploration Inc., Annual General Meeting, May 09, 2014

Pelangio Exploration Inc., Annual General Meeting, May 09, 2014., at 10:00 US Eastern Standard Time. Location: The Toronto Region Board of Trade, Room A, 4th Floor. Agenda: To receive financial statements of the corporation for the year ended December 31, 2013, together with the auditors report thereon; to elect directors for the ensuing year; to appoint auditors for the ensuing year; to authorize the directors to fix the remuneration of the auditors; and to transact such other business as may properly be brought before the Meeting or any adjournment thereof.

 

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