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Pelangio Exploration ( (TSE:PX) ) has provided an announcement.
Pelangio Exploration Inc. has announced a non-brokered private placement to raise up to $1,000,000 through the sale of units, each consisting of one common share and one purchase warrant. The proceeds will be used for working capital, exploration, and other corporate purposes. This move is expected to support Pelangio’s operational capabilities and enhance its exploration activities, potentially strengthening its market position in the mining sector.
More about Pelangio Exploration
Pelangio Exploration Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company primarily deals with the acquisition and exploration of gold properties, aiming to identify and develop economically viable mineral deposits.
YTD Price Performance: 33.33%
Average Trading Volume: 45,716
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$6.91M
For an in-depth examination of PX stock, go to TipRanks’ Stock Analysis page.