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GOLD 4298.00 −0.5% SILVER 64.00 −1.5% COPPER 6.77 +0.3% OIL 94.61 +2.7% PALLADIUM 1274.00 +0.3% TSLV 0.075 −11.8% ESM 0.160 +0.0% IMM 0.060 +0.0% BRON 0.055 +0.0% NG 10.09 −1.1% EAM 0.075 +0.0% LUG 91.04 −0.7% MOLY 1.73 +1.8% V 0.340 +0.0% AUMB 0.810 −3.6% BYN 1.92 +0.5% RME 0.230 +0.0% TOM 0.195 +0.0% GNG 0.070 +0.0% ETL 0.780 −1.3% SGZ 0.035 +16.7% GOLD 4298.00 −0.5% SILVER 64.00 −1.5% COPPER 6.77 +0.3% OIL 94.61 +2.7% PALLADIUM 1274.00 +0.3% TSLV 0.075 −11.8% ESM 0.160 +0.0% IMM 0.060 +0.0% BRON 0.055 +0.0% NG 10.09 −1.1% EAM 0.075 +0.0% LUG 91.04 −0.7% MOLY 1.73 +1.8% V 0.340 +0.0% AUMB 0.810 −3.6% BYN 1.92 +0.5% RME 0.230 +0.0% TOM 0.195 +0.0% GNG 0.070 +0.0% ETL 0.780 −1.3% SGZ 0.035 +16.7%
Financings

PAN GLOBAL ANNOUNCES PRIVATE PLACEMENT FINANCING

By The Northwire Desk — AI Analysis Oct 06, 2025 · 17:06 PGZ · 0.175 Pan Global Resources Inc.
PGZ · Price

Executive Summary

  • Pan Global Resources Inc. announced a non‑brokered private placement of up to 18,750,000 common shares at $0.16 per share, targeting gross proceeds of up to C$3 million.
  • Proceeds will fund expanded exploration programs on the Escacena and Cármenes projects in Spain, including an airborne geophysical survey over newly awarded Escacena South mineral rights.
  • The offering is subject to customary closing conditions, a four‑month hold period on the shares, and U.S. resale restrictions; finders’ fees may be payable.

Key Details

  • Offering Size: Up to 18,750,000 common shares.
  • Price per Share: C$0.16.
  • Maximum Gross Proceeds: C$3,000,000.
  • Use of Proceeds: Advance exploration and resource definition programs in Spain (Escacena & Cármenes) and general corporate purposes.
  • Holding Period: Shares subject to a four‑month hold period post‑closing.
  • U.S. Restrictions: Resale restrictions under U.S. securities laws; shares not registered in the United States.
  • Finders’ Fees: May be payable on a portion of the offering.
  • Closing Conditions: Subject to customary conditions and acceptance by the TSX Venture Exchange.
  • Project Highlights – Escacena:
  • Property position increased by 74% to >10,000 ha after award of Escacena South mineral rights.
  • Targets copper‑equivalent resource of 100 Mt; includes La Romana and Cañada Honda discoveries.
  • Project Highlights – Cármenes:
  • Located ~55 km north of León; five investigation permits covering 5,653 ha.
  • Recent maiden drill program at Providencia yielded a new gold discovery.

Notable Quotes

“The award of the mineral rights to Escacena South increased Pan Global's property position on the Iberian Pyrite belt by 74%… The plan is to build on the discoveries already made … to achieve our copper‑equivalent resource target of 100 million tonnes,” – Tim Moody, President and CEO

“An expanded exploration campaign and drill program at the high‑grade Providencia gold discovery in northern Spain is also planned…” – Tim Moody

Read the original news release →

More from Pan Global Resources Inc.

Sep 17, 2026 · 07:25

Pan Global’s Providencia project recorded its widest gold intercept to date, though core length and follow-up drilling determine the result’s validity.

Drill Results Sep 14, 2026 · 07:28

Pan Global’s bid for the Salamon Gold Project in Spain was accepted, pending an appeal, to expand its Spanish portfolio.

M&A / Property Sep 09, 2026 · 07:30

Pan Global confirms the Providencia deposit with near-surface 15m at 3.9 g/t gold.

Drill Results Jul 30, 2026 · 07:38

Pan Global’s Providencia gold zone widens at depth, reinforcing district-scale potential in Spain.

Drill Results Jun 29, 2026 · 07:38

Pan Global begins a fully funded 20,000-meter drilling campaign at its Cañada Honda project to target district-scale expansion in Spain’s Iberian Pyrite Belt.

Drill Results Jun 15, 2026 · 07:05

PAN GLOBAL ANNOUNCES CLOSING OF $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA

Resource Estimate