Business
Pan Global Resources Announces Exercise of Warrants
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2022) - Pan Global Resources Inc. (TSX...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Resources Announces Exercise of WarrantsVancouver, British Columbia--(Newsfile Corp. - July 26, 2022) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) (\"Pan Global\" or the \"Company\") is pleased to announce that by the expiration date of July 20, 2022, approx. 98% of the outstanding investor and broker warrants issued as part of the July 20, 2020 private placement were exercised, for gross proceeds to the Company of $3,258,360.Pan Global CEO Tim Moody said: \"We greatly appreciate this show of support from our warrant holders. The funds from the last remaining warrants will help us advance exploration on the La Romana copper discovery and the many new targets being generated in the Escacena Project whilst also ensuring the Company maintains a strong financial position going forward into 2023.\"About the Escacena ProjectThe Escacena Project includes a large, plus 5,760-hectare land package controlled 100% by Pan Global in the eastern area of the Iberian Pyrite Belt. The project is located near operating mines at Las Cruces and Rio Tinto, and is immediately adjacent to the former Aznalcollar and Los Frailes mines where Grupo Mexico's subsidiary Minera Los Frailes is in the permitting stage to recommence mining. About Pan Global ResourcesPan Global Resources Inc. is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The Company is committed to operating safely and with respect to the communities and environment where we operate.Qualified PersonsJames Royall, P Geo, VP Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Royall is not independent of the Company.On behalf of the Board of Directorswww.panglobalresources.com.FOR FURTHER INFORMATION PLEASE CONTACT:[email protected] or visit the company's website.+44 7766 253145Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company ...