TORONTO, Ontario, (May 24, 2012) – Pelangio Exploration Inc. (PX:TSX-V) (“Pelangio” or the “Company”) is pleased to announce that all proposed resolutions were approved today at the Company's Annual Meeting of Shareholders.
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 two 100%-owned camp-sized properties: the company-making 100 km2 Manfo Property, the site of five recent near-surface, high grade and bulk tonnage, gold discoveries, and the potentially game-changing 290 km2 Obuasi Property, located four kilometres on strike and adjacent to AngloGold Ashanti’s prolific, high-grade Obuasi Mine, which has produced over 30 million ounces of gold since 1897.
For additional information, please visit our website at www.pelangio.com, follow us on Twitter @PelangioEx or contact:
Ingrid Hibbard, President & CEO or
Brendan Cahill, VP Corporate Development
Tel: 905-875-3828 / Toll-free: 1-877-746-1632 / Email: info@pelangio.com
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