Proceeds to fund expanded exploration programs at Escacena and Cármenes Projects in Spain , including airborne geophysical survey over newly awarded Escacena South mineral rights
PAN GLOBAL ANNOUNCES PRIVATE
PLACEMENT FINANCING
/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
Proceeds to fund expanded exploration programs at Escacena and Cármenes Projects in
Spain
,
including airborne geophysical survey over newly awarded Escacena South mineral rights
VANCOUVER, BC
,
Oct. 6, 2025
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company")
(TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) announces today it is arranging a non-brokered private
placement financing of up to 18,750,000 Common Shares (the "
Shares
") of the Company at a price of
$0.16
per Share for aggregate gross proceeds of up to
$3,000,000
(the "
Offering
"). All dollar ($)
amounts in Canadian dollars.
"The award of the mineral rights to Escacena South increased Pan Global's property position on the
Iberian Pyrite belt by 74% to over 10,000 hectares. The target-rich expansion to the Escacena Project
offers an exciting opportunity for an accelerated exploration program. The plan is to build on the
discoveries already made at the La Romana and Cañada Honda deposits to achieve our copper-
equivalent resource target of 100 million tonnes," said
Tim Moody
, President and CEO.
"An expanded exploration campaign and drill program at the high-grade Providencia gold discovery in
northern
Spain
is also planned to make additional discoveries and add potential mineral resources."
The net proceeds of the Offering will be used to advance the Company's exploration and resource
definition programs in
Spain
and for general corporate purposes.
The Offering is subject to customary closing conditions and TSX Venture Exchange acceptance. The
common shares issued pursuant to this private placement will be subject to a four-month hold period
and will be subject to U.S. resale restrictions under U.S. securities laws. Finders' fees may be payable
on a portion of the Offering.
The securities to be sold in the private placement have not been registered under the U.S. Securities
Act of 1933, as amended ("U.S. Securities Act"), or any state or other applicable jurisdiction's
securities laws, and may not be offered or sold in
the United States
absent registration or an
applicable exemption from the registration requirements of the U.S. Securities Act and applicable state
or other jurisdictions' securities laws. This media release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any offer, solicitation, or sale of these
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About the Escacena Project
The Escacena Project comprises a large, contiguous land package controlled 100% by Pan Global in
the east of the Iberian Pyrite Belt. The area has been expanded from 5,760-hectares to more than
10,000-hectares following the award of the Flores, Rosario and Girasoles mineral rights in
September
2025
. Pan Global has also submitted four additional Investigation Permit applications covering 3,888
hectares (Inmaculada,
Santa Isabel
,
Santa Micaela
I and
Santa Micaela II
) that will increase the total
mineral rights holdings in the Iberian Pyrite Belt to approximately 14,000 hectares. Escacena is located
near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los
Frailes mines where Minera Los Frailes (Grupo México) is commencing a new underground mine
development beneath the former Los Frailes open-pit mine. The Escacena Project hosts Pan Global's
La Romana and the Cañada Honda copper-gold discoveries, and numerous other prospective targets
such as La Pantoja, Bravo, El Pozo,
Romana Norte
, San Pablo, Zarcita, Hornitos, La Jarosa,
Romana
Deep
, Barbacena, and Cortijo.
About the Cármenes Project
The Cármenes Project is located approx. 55km north of León in northern
Spain
and comprises five
Investigation Permits over 5,653 hectares. The Project area is highly prospective for multiple bodies or
"clusters" of carbonate-hosted "pipe-like" breccia style copper, nickel, cobalt, and gold mineralization.
The area includes the former Profunda and Providencia mines that last operated in the 1930s, producing
concentrates of copper and cobalt with nickel. Numerous other smaller historical mine workings in the
area highlight the potential for additional breccia pipes. These types of ore deposits can have significant
vertical dimensions exceeding 1km. The Company's recent maiden drill program at the Providencia
target yielded a new gold discovery.
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, a tier-one mining
jurisdiction in southern
Spain
, with a favourable permitting regime, excellent infrastructure, and abundant
mining and professional expertise. The European Commission has identified copper as a Strategic Raw
Material. The Company's second project, Cármenes in northern
Spain
, is also an area with a long
mining history and excellent infrastructure. The Pan Global team has a proven talent in exploration,
discovery, development, and mine operations and are committed to operating safely and with utmost
respect for the environment and all our stakeholders. The Company is a member, and operates under
the principles, of the United Nations Global Compact.
To learn more about Pan Global Resources, please visit the Company's Curation Connect
showcase and explore AI-generated responses to your enquiries at
https://app.curationconnect.com/company/Pan-Global-Resources-44037?utm_source=pg_mediareleases
Qualified Persons
Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined
by National Instrument 43-101, has approved the scientific and technical information for this media
release. Mr. Merino is not independent of the Company.
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, Justin Byrd, Chief Financial Officer,
[email protected], www.panglobalresources.com
CO: Pan Global Resources Inc.
CNW 17:06e 06-OCT-25