The shares for debt settlement remain subject to approval by the TSXV. The Pelangio Shares will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issuance.
Under the terms of the settlement agreement Pelangio will be required to issue a final
About Pelangio
Pelangio acquires and explores world-class land packages on strategic gold belts in
Contact:
President and CEO
T: 905-336-3828
Email: info@pelangio.com
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 satisfaction of the conditions of the Obuasi litigation settlement and Pelangio's proposed payments and share issuances pursuant to the settlement, and TSX Venture exchange approval of such share issuances. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions about applicable court and regulatory approvals for the settlement and the proposed share issuances. 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
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