Connect with us

Hi, what are you looking for?

Investing

“PAN GLOBAL- Capitalizing on Global Growth with Non-Brokered Private Placement

Pan Global Resources Inc. (the “Company” or “Pan Global”) (TSXV: PGZ) announced today that it has arranged a non-brokered private placement of up to 6,666,667 units (the “Units”) of the Company at a price of $0.30 per Unit for aggregate gross proceeds of up to $2 million (the “Offering”).

Each Unit of the Offering will consists of one common share (each, a “Share”) of the Company and one Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of $0.45 for a period of 24 months from the closing date of the Offering.

The proceeds of the Offering will be used for general working capital and continued exploration and development of the Company’s Colombian gold projects and for general corporate purposes.

“We are delighted to announce this non-brokered private placement with strategic partners and new investors, to support the Company´s efforts towards unlocking additional value from its portfolio of mineral properties in Colombia. This capital will enable the Company to focus on the exploration and development necessary to realize the value of our projects” said Mr. Alex Lehmann, President and CEO of the Company.

The Offering and closing thereof is subject to receipt of all required regulatory approval, including approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to restrictions on trading for a period of four months and one day from the closing date of the Offering.

The Company also announces the resignation of Mr. Michael Tremblay from the Board of Directors of the Company, effective immediately.

About Pan Global Resources

Pan Global Resources (TSXV: PGZ) is a TSX Venture listed company focused on gold exploration in Colombia. The Company owns various exploration concessions and applications in the livelier mining districts of the country, with its main focus being testing and delineating resources. Columbia is a major gold producing region in the world and has attracted significant exploration dollars. The country presents numerous opportunities, now even more so as the geopolitical environment furthers a rising investment quintile.

Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Investing

    Getchell Gold Corp, a junior miner exploring gold mining in Nevada, has just initiated trading on the Frankfurt Exchange under the symbol GGA1. Getchell...

    Latest News

    France has announced the release of François Santoni, a French official that had been held by Niger security forces since July 7. The French...

    Stock

    With government issues, i.e. bonds, it is essential to consider the “long term trend” in order to get the most benefit and create wealth...

    Investing

    Exploration results from the latest Bigfoot Drilling Program at the Tatiggaq Project in Canada’s Thelon Basin, Yukon-Northwest Territories region have demonstrated that the uranium...

    Disclaimer: Incomeinvestingsinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Incomeinvestingsinsider.com