Pelangio Announces Voting Results from 2018 Annual and Special Meeting of Shareholders
Pelangio Exploration Inc.
Pelangio Exploration Inc. News Release – MAY 30, 2018
82 Richmond Street East,
Toronto, ON M5C 1P1
Tel: 905-336-3828
Fax: 905-336-3899
NEWS RELEASE
PELANGIO ANNOUNCES VOTING RESULTS FROM
2018 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
TORONTO, Ontario (May 30, 2018) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the
“Company”) is pleased to announce that all matters proposed by management, including the election of
management’s nominees for the board of directors, were approved at Pelangio’s annual and special meeting held
Tuesday, May 29, 2018 (the “Meeting”).
At the Meeting, shareholders elected Ingrid Hibbard, Carl Nurmi, David Mosher, David Paxton, Ian Shaw and Kevin
Thomson to the board of directors, with no director receiving less than 99% of votes cast at the meeting in favour of
their appointment.
Shareholders of Pelangio also approved:
(i) the reappointment of its auditor (99% of votes cast in favour);
(ii) an ordinary resolution approving the increase in the number of common shares reserved for issuance under
Pelangio’s stock option plan (98% of votes cast in favour); and
(iii) a special resolution authorizing the consolidation of Pelangio’s issued and outstanding common shares on the
basis of a ratio within the range of one post-consolidation common share for every five (5) pre-consolidation
common shares to one post-consolidation common share for every ten (10) pre-consolidation common shares, with
the actual ratio to be determined by the board of directors (97% of votes cast in favour).
Pelangio thanks its shareholders for their overwhelming support of management’s recommendations.
To view the presentation given during the meeting, please select this link, Annual and Special Meeting Presentation.
About Pelangio
Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts. 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 4 km on strike and adjacent to AngloGold Ashanti’s prolific high-grade Obuasi Mine and the early-
stage 86 km2 Akroma Property which includes the Dormaa concession. Pelangio has also renewed its interest in its
Canadian gold property at Birch Lake, Ontario.
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
Tel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: [email protected]
Forward Looking Statements
Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of
applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the
use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate” or “believes” or variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. With respect to forward-
looking statements and information contained herein, we have made numerous assumptions, including assumptions about the
state of the equity markets. Such forward-looking statements and information are subject to risks, uncertainties and other factors
Pelangio Exploration Inc. News Release – MAY 30, 2018
which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such
risks include changes in equity markets, share price volatility, volatility of global and local economic climate, gold price volatility,
political developments in Ghana, increases in costs, exchange rate fluctuations, speculative nature of gold exploration and other
risks involved in the gold exploration industry. See the Company’s annual and quarterly financial statements and management’s
discussion and analysis for additional information on risks and uncertainties relating to the forward -looking statement and
information. There can be no assurance that a forward-looking statement or information referenced herein will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements or information.
Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-
looking statements or information. We undertake no obligation to reissue or update any forward -looking statements or
information except as required by law. All forward-looking statements and information herein are qualified by this cautionary
statement.
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.