Pelangio Exploration Inc. News Release – February 28 , 20 2 5 82
Pelangio Exploration Inc. News Release
–
February
28
, 20
2
5
82
Richmond Street East, Toronto, ON M5C 1P1 T: 905
-
336
-
3828
1
NEWS RELEASE
PELANGIO EXPLORATION
GRANTS STOCK OPTIONS
AND CHANGES
AUDITOR
TORONTO, Ontario (
February 28
th
, 20
2
5
)
–
Pelangio Exploration Inc. (PX:TSX
-
V; OTC
PINK:PGXPF) (“Pelangio”
or the “Company”
)
today announced that the Board of Directors has
approved the grant of
1,50
0
,000
incentive stock options to certain directors, officers, employees and
consultants of the Company. The stock options are
exercisable
into
common shares of the Company
at a
price of $0.0
6
per share. Subject to the rules of the TSX Venture Exchange and the Company’s
Stock Option Plan, the options have a term of
10
years and will expire on
February 2
8
th
,
203
5
.
The Company has filed a Notice of Change of Auditor as required by Section 4.11 of National
Instrument 51
-
102
Continuous Disclosure Obligations
(“NI 51
-
102”).
McGovern Hurley LLP,
Chartered Professional Accountants (“McGovern”) was asked to resign as auditor of the Company
to facilitate the appointment of Jones & O’Connell LLP, Chartered Professional Accountants (“Jones
& O’Connell”). This appointment was consi
dered and approved by the Audit Committee and the
Board of Directors of the Company.
Neither TSX
-
V nor its Regulation Services Provider (as that term is defined in the policies of the TSX
-
V) accepts responsibility for the adequacy or accuracy of this release.
A
bout Pelangio
Pelangio acquires and explores prospective land packages located in world
-
class 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 eight near
-
surface gold discoveries, and
the 284 km2 Obuasi property, located 4 km on strike and adjacent to AngloGold Ashanti’s prolific
high
-
grade Obuasi Mine, as well as the newly optioned Dankran property located adjacent to its
O
buasi property
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
T: 905
-
336
-
3828
//