Business
PAN GLOBAL ANNOUNCES CLOSING OF $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA
Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce that it has closed its previously announced non-brokered private placement financing with Alpayana (the "Alpayana Acquisition"). The Company issued 45,000,000 Common Shares (the "Shares") of the Company at a price of C$0.16 per Share for gross proceeds of C$7,200,000 (the "Offering"). Alpayana now holds 19.55% of the issued and outstanding common shares of the Company.
About this update from Pan Global Resources Inc.
/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/ TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU VANCOUVER, BC, June 15, 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 its previously announced non-brokered private placement financing with Alpayana (the "Alpayana Acquisition"). The Company issued 45,000,000 Common Shares (the "Shares") of the Company at a price of C$0.16 per Share for gross proceeds of C$7,200,000 (the "Offering"). Alpayana now holds 19.55% of the issued and outstanding common shares of the Company. The Shares will be subject to a hold period expiring October 13, 2026. No finders fees were paid in connection with the Offering. The proceeds of this Offering will be used to advance a significantly 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. Early Warning Disclosure Immediately prior to completion of the Alpayana Acquisition, Alpayana beneficially owned and controlled an aggregate of 35,000,000 Common Shares, representing 9.61% of the issued and outstanding Common Shares of Pan Global. Following completion the Alpayana Acquisition, Alpayana beneficially owns and controls 80,000,000 Common Shares, representing 19.55% of the issued and outstanding Common Shares of Pan Global. This media release and Alpayana' s corresponding early warning report (the "Early Warning Report") which is expected to be filed on SEDAR+ in the near term, constitutes the required disclosure pursuant to section 5.2 of National Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62- 104"). The requirement to file an early warning report was triggered because the acquisition by Alpayana of the Common Shares resulted in Alpayana' s ownership of the Common Shares increasing to greater than 10%. The acquisition of Common Shares of Pan Global was made in the ordinary course of business and for investment purposes. Alpayana may acquire or dispose of ownership or control or direction over securities of Pan Global or may enter into derivative or...
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