Pelangio Exploration Announces Retirement of CFO, Paul Rokeby
Pelangio Exploration Announces Retirement of CFO, Paul Rokeby
TORONTO, ON / ACCESSWIRE / May 23, 2023 / Pelangio Exploration Inc.
(TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") announces that Paul
Rokeby has retired as Chief Financial Officer of the Corporation. Sabino Di Paola has been
appointed as the Chief Financial Officer of Pelangio Exploration Inc.
Ingrid Hibbard, President and CEO, commented: "Paul has served Pelangio for over 25 years
with exceptional professionalism and expertise. We were very fortunate to have such a long-
standing CFO. He is well-deserving of retirement, and we wish him the best as he spends more
time with his family. Mr. Di Paola comes highly recommended, and his track record
demonstrates that Pelangio will be in good hands as we transition into this new era of the
Company's business operations."
Paul Rokeby commented: "My years of affiliation with Pelangio Exploration Inc. have allowed
me to work with a very dedicated team of professionals who have experienced great success,
with the Detour Lake property, and are shaping a vision for the Company's properties both in
Canada and Ghana. I learned much from working with Mr. Maurice Hibbard who was a
visionary and trailblazer in the mineral exploration industry. I look forward to watching Ingrid
Hibbard, Kevin Thomson, Sam Torkornoo and Sabino Di Paola as they work to enhance
shareholder value."
With Mr. Rokeby's retirement, the Board has appointed Sabino Di Paola to the role of CFO. Mr.
Di Paola is a Chartered Professional Accountant with over 15 years of public company and
finance experience. Mr. Di Paola brings cross-industry experience in raising capital, strategic
business planning, regulatory compliance, and corporate governance. Mr. Di Paola is the current
CFO of Sandfire Resources America Inc and he has been the CFO for publicly traded companies
operating within the mineral exploration and natural resources, natural health, biotech
pharmaceutical and infrastructure sectors.
About Pelangio
Pelangio acquires and explores world-class land packages on strategic gold belts in Ghana, West
Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized
properties: the 100 km2 Manfo property, the site of seven near-surface gold discoveries, and the
284 km2 Obuasi property, located four km on strike and adjacent to AngloGold Ashanti's prolific
high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi property.
See www.pelangio.com for further detail.
For additional information, please visit our website at www.pelangio.com, or contact: Ingrid
Hibbard, President and CEO
T: 905-336-3828 / TF: 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. Forward-looking statements and information
include statements regarding the extension of the Company's Warrants. With respect to forward-
looking statements and information contained herein, we have made numerous assumptions,
including assumptions about applicable regulatory approvals for the Warrant extension and the
acceptance and extension to the term of the Warrants by the TSX Venture Exchange. Such
forward-looking statements and information are subject to risks, uncertainties and other factors
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 our
ability to conduct our exploration programs as planned, 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 the 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.
SOURCE: Pelangio Exploration Inc.