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Pelangio Exploration Inc
82 Richmond Street East, Toronto, Ontario, Canada

Memberships : NA
Industry : Gold
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Since Mar, 2020
About Company

Pelangio Exploration is a mineral exploration company currently developing the value of its gold exploration and resource projects located in Ghana and Ontario, Canada. The Company operates with a strategy designed to capitalize upon property acquisition opportunities arising during bear markets that are positioned for the bull market's wealth creation.

The Company's exploration properties are leveraged by a project generator model which aides the Company in sustaining the costs associated with geological study, corporate governance, and exploration field work.

The Company's most well-known project generation success was the acquisition, exploration, re-envisioning, and subsequent sale of the Detour Lake deposit in Northern Ontario to Detour Gold Corporation. This property is now a long life, large-scale open pit mining operation with reserves of over 16 million ounces of gold. Through an innovative approach to corporate structure, Pelangio’s President and CEO, Ingrid Hibbard, negotiated a deal in which Pelangio sold the project for 20 million shares (a 50% interest in Detour Gold Corp). This strategy allowed for Pelangio’s early shareholders to realize extraordinary returns. A purchaser of Pelangio Mines Inc. shares in January 2004 might have paid $0.10 per share. By late 2010, with Detour Gold at $30 and Pelangio Exploration at $1.00, those original shares would have been worth $8.70, a remarkable 8600% return on the initial investment.

Those returns illustrate Pelangio's goal of generating wealth for its shareholders via both the results from the drill bit and intelligent corporate structuring.

Company NamePelangio Exploration Inc
Business CategoryGold
Address82 Richmond Street East
Toronto
Ontario
Canada
ZIP: M5C 1P1
PresidentIngrid Hibbard
Year EstablishedNA
EmployeesNA
MembershipsNA
Hours of OperationNA
Company Services
  • Mineral Exploration
  • Gold Exploration And Resource Projects
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