Pan Global arranges $3-million private placement

Executive Summary

• Pan Global Resources Inc. is arranging a non‑brokered private placement of up to 18.75 million common shares at C$0.16 per share, targeting gross proceeds of up to $3 million.
• Proceeds will be used to fund expanded exploration and resource definition programs in Spain, including the Escacena project and the Providencia gold discovery.
• The placement is subject to customary closing conditions, a four‑month hold period on the issued shares, and U.S. resale restrictions; finders’ fees may apply.

Key Details

• Offering Size: Up to 18.75 million common shares.
• Price per Share: C$0.16.
• Maximum Gross Proceeds: $3 million (CAD equivalent).
• Use of Net Proceeds: Advance exploration and resource definition programs in Spain; general corporate purposes.
• Hold Period: Issued shares subject to a four‑month hold period.
• U.S. Resale Restrictions: Shares will be subject to U.S. securities law resale restrictions.
• Closing Conditions: Subject to customary closing conditions and acceptance by the TSX Venture Exchange.
• Finders’ Fees: May be payable on a portion of the offering.
• Strategic Context: Expansion of mineral rights at Escacena South increases Pan Global’s Iberian pyrite belt footprint by 74 % to >10,000 ha; aims for a copper‑equivalent resource target of 100 million tonnes.

Notable Quotes

“The award of the mineral rights to Escacena South increased Pan Global's property position on the Iberian pyrite belt by 74 per cent to over 10,000 hectares… The plan is to build on the discoveries already made at the La Romana and Canada Honda deposits to achieve our copper equivalent resource target of 100 million tonnes.” – Tim Moody, President & CEO

“An expanded exploration campaign and drill program at the high‑grade Providencia gold discovery in northern Spain is also planned to make additional discoveries and add potential mineral resources.” – Tim Moody, President & CEO