Business
PAN GLOBAL ANNOUNCES CLOSING OF $5.6 MILLION PRIVATE PLACEMENT WITH STRATEGIC INVESTOR
Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce that it has closed a non-brokered private placement financing with a strategic investor and issued 35,000,000 Common Shares (the "Shares") of the Company at a price of C$0.16 per Share for aggregate gross proceeds of up to C$5,600,000 (the "Offering"). The common shares issued pursuant to this private placement will be subject to a hold period expiring May 15, 2026.
About this update from Pan Global Resources Inc.
[{"type":"text","content":"/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/","length":122,"tagName":"p","attribs":{}},{"type":"text","content":"TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU ","length":35,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC, Jan. 21, 2026 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce that it has closed a non-brokered private placement financing with a strategic investor and issued 35,000,000 Common Shares (the "Shares") of the Company at a price of C$0.16 per Share for aggregate gross proceeds of up to C$5,600,000 (the "Offering"). The common shares issued pursuant to this private placement will be subject to a hold period expiring May 15, 2026.","length":564,"tagName":"p"},{"type":"image","alt":"Pan Global Resources Inc. Logo (CNW Group/Pan Global Resources Inc.)","displaySize":"","headline":null,"caption":"Pan Global Resources Inc. Logo (CNW Group/Pan Global Resources Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":89,"url":"https://media.zenfs.com/en/cnwgroup.com/66d76389ad2689243251149576813b34"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rmeUVxmthN4N3jV8qaqvLQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/66d76389ad2689243251149576813b34","width":400,"height":89}},"href":"https://mma.prnewswire.com/media/2865661/Pan_Global_Resources_Inc__PAN_GLOBAL_ANNOUNCES_CLOSING_OF__5_6_M.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The proceeds of the Offering will be used to advance an expanded exploration and drill program at the Company's Escacena and Cármenes Projects, including at the recently acquired and highly prospective Escacena South property in southern Spain, and for general corporate purposes.","length":284,"tagName":"p"},{"type":"text","content":""Pan Global is pleased to welcome as a shareholder a highly respected strategic investor with extensive mine operating experience. This investment validates our exploration portfolio and operating team in Spain and strengthens our ability to advance our Escacena and Cármenes Projects and unlock new discoveries in 2026," said Tim Moody, President and CEO.",...