Pelangio Exploration Reports Results of Annual Meeting of Shareholders
Pelangio Exploration Inc.
440 Harrop Dr., 2nd Floor Milton, Ontario L9T 3H2 Phone (905) 875-3828 Fax (905) 875-3829
NEWS RELEASE
PELANGIO EXPLORATION REPORTS RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
TORONTO, Ontario, (May 13, 2014) – Pelangio Exploration Inc. (PX:TSX-V) (“Pelangio” or the “Company”) is pleased to announce that all proposed resolutions were approved by the Shareholders on Friday, May 9, 2014 including the election of directors of the Company at the Company’s Annual Meeting, as follows:
| Directors | Votes in | % in | Votes | % | |||||
|---|---|---|---|---|---|---|---|---|---|
| Favour | Favour | Withheld | Withheld | ||||||
| Peter Crossgrove | 75,493,448 | 99.77 | 170,917 | 0.23 | |||||
| Thor Eaton | 75,504,748 | 99.79 | 159,617 | 0.21 | |||||
| Ingrid Hibbard | 75,482,748 | 99.76 | 181,617 | 0.24 | |||||
| David Mosher | 75,444,748 | 99.71 | 219,617 | 0.29 | |||||
| Carl Nurmi | 75,486,748 | 99.77 | 177,617 | 0.23 | |||||
| Philip Olson | 75,504,748 | 99.79 | 159,617 | 0.21 | |||||
| Ian Shaw | 75,482,448 | 99.76 | 181,917 | 0.24 | |||||
| Appointment of | 81,561,700 | 81,561,700 | 99.56 | 99.56 | 359,841 | 359,841 | 0.44 | 0.44 | |
| Auditors | |||||||||
| Remuneration of | 81,548,133 | 99.54 | 373,409 | 0.46 | |||||
| Auditors |
About Pelangio
Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. The Company primarily operates in Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The Company is exploring three 100%-owned camp-sized properties: the 100 km2 Manfo Property, the site of seven recent near-surface gold discoveries, the 264 km2 Obuasi Property, located four kilometres on strike and adjacent to AngloGold Ashanti’s prolific, highgrade Obuasi Mine, which has produced over 30 million ounces of gold since 1897, and the early-stage 159 km2 Akroma Property.
For additional information, please visit our website at www.pelangio.com, follow us on Twitter @PelangioEx or contact:
Ingrid Hibbard, President & CEO or Warren Bates, Senior Vice President Exploration Tel: 905-875-3828 / Toll-free: 1-877-746-1632 / Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.