Pan Global Announces Appointment of Chief Financial Officer
PAN GLOBAL ANNOUNCES APPOINTMENT
OF CHIEF FINANCIAL OFFICER
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
VANCOUVER, BC
,
June 5, 2025
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the
"Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce effective
June 16,
2025
the appointment of
Justin Byrd
as Chief Financial Officer ('CFO"), replacing
Andy Marshall
who
will remain with the Company until
June 30
to ensure an orderly transition.
Mr. Byrd has a Master of Business Administration from
Arizona State University
and a Master of
Science in Economics and Finance from
Southern Illinois University
. Mr. Byrd served as Chief
Financial Officer for
Mayfair Gold
until
July 2024
where he managed all finance, accounting, and
corporate secretarial functions whilst progressing from private company, through initial public offering
on the TSX Venture Exchange, to the company being named a
2024 OTCQX Best 50
performing
company with a market capitalization of more than
C$250 million
. Prior to this, he held senior finance
roles outside of mining where he was involved in cost analysis, forecasting, inventory management,
pricing, and financial modelling.
"We welcome Justin to the senior management team for Pan Global. He is joining the Company at
an exciting time with ongoing drill programs on new targets at two projects in
Spain
, a maiden
resource at the La Romana copper-tin-silver deposit planned for later 2025, a potential new gold
discovery in the north of
Spain
and other opportunities to grow the Company. His experience in
working from early-stage exploration, financing and progression to
C$250 million
company with an
advanced project will benefit our shareholders," said
Tim Moody
, Pan Global President and CEO.
"On behalf of the Board of Pan Global, I thank
Andy Marshall
for the high degree of professionalism
and experience he has provided as CFO over the past three years while the Company has continued
to grow its asset base in
Spain
. We are grateful to Andy for his continued support through the
transition and we all wish him success in the future," said Mr. Moody.
"Pan Global offers a dynamic environment with two active projects being drilled and multiple
discoveries already made in
Spain
, including the recent gold discovery at the Cármenes Project. I
look forward to meeting investors, supporting the management team and Board of Directors as the
Company pursues the next stage to create value," said
Justin Byrd
.
Mr. Byrd has been granted 500,000 stock options of the Company. The stock options were granted
pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each stock option entitles
the holder to purchase one common share of the Company at a price of
$0.145
per common share
for a period of five years from the date of grant. The options will vest over three years from the
effective date of Mr. Byrd's appointment, with 250,000 vesting 12 months after the effective date
and 125,000 vesting on the second and third anniversaries of the effective date.
About Pan Global Resources
Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and
other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term
prices as a critical metal for global electrification and energy transition. Gold is also attracting record
prices.
The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern
Spain
, where a favourable permitting track record, excellent infrastructure, mining and professional
expertise, and support for copper as a Strategic Raw Material by the European Commission
collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second
project, at Cármenes, in northern
Spain
, is also an area with a long mining history and excellent
infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development,
and mine operations - all of which are committed to operating safely and with utmost respect for the
environment and our partnered communities. The Company is a member, and operates under the
principles, of the United Nations Global Compact.
Forward-looking statements
Statements 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 believes that the expectations reflected in the forward-looking
information included in this media release are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking information should not be unduly
relied upon. Risks and uncertainties include, but are not limited to, economic, competitive,
governmental, environmental, and technological factors that may affect the Company's operations,
markets, products, and prices. Readers should refer to the risk disclosures outlined in the
Company's Management Discussion and Analysis of its audited financial statements filed with the
British Columbia Securities Commission.
The forward-looking information contained in this media release is based on information available to
the Company as of the date of this media release. Except as required under applicable securities
legislation, the Company does not intend, and does not assume any obligation, to update this
forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE
Pan Global Resources Inc.
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For further information:
FOR MORE INFORMATION PLEASE CONTACT: Jason Mercier, VP
Investor Relations and Communications, [email protected] /
[email protected], Tel: +1-236-886-9518, www.panglobalresources.com
CO: Pan Global Resources Inc.
CNW 16:07e 05-JUN-25