Pan Global Announces Appointment of Andrew Marshall as Chief Financial Officer
Pan Global Announces Appointment of
Andrew Marshall as Chief Financial Officer
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2022) - Pan Global Resources Inc. (TSXV:
PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce effective August 16,
2022 the appointment of Andrew "Andy" Marshall as Chief Financial Officer ('CFO"), replacing Christina
Cepeliauskas who will remain as a consultant with the Company in a transitional capacity for a period.
Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with more than 11 years of
finance and CFO experience in the mining sector.
He has an extensive background in financial and risk
management;
corporate reporting,
ESG management; M&A transactions and working with international
jurisdictions.
Most recently, he served as Chief Financial Officer at First Mining Gold Corp. and assisted
in building the company's gold project portfolio during its initial period of growth in 2015 when it acquired
eight companies in just over one year. Prior to this, Andy held finance roles at two Vancouver based
TSX/NYSE MKT-listed silver mining companies with operations in Mexico and Canada. Mr. Marshall
started his career with PricewaterhouseCoopers LLP in London and moved to Vancouver in 2008.
Tim Moody, Pan Global President and CEO, states: "We are very pleased to welcome Andy to our
growing senior management team. His background in finance, mining and project development will be a
great fit as we continue expanding the La Romana copper discovery and explore new targets at the
Escacena project in southern Spain. On behalf of the Board of Pan Global, I thank Christina for the
excellent support and professionalism she has provided as CFO on a part-time basis over a number of
years. We are very pleased that Christina has agreed to continue supporting Pan Global during a
transition period."
"I am very excited to join the team at Pan Global and support the next stage of corporate growth. The
work and results to date are impressive and we are entering a pivotal period for the advancement of the
Escacena project which is in an excellent jurisdiction for development; and all this at a time when the
macro outlook for copper and tin has never looked better," stated Andy Marshall.
Mr. Marshall has been granted 750,000 stock options and 200,000 restricted share units (“RSU’s”) of
the Company. The stock options and RSU’s 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 $0.47 per common share for a period of five years from the date of grant. The
RSU’s will vest over 18 months from the effective date of Mr. Marshall’s appointment, with 2/3 (133,333)
vesting 12 months after the effective date and the balance (66,667) vesting 18 months after the effective
date.
About the Escacena Project
The Escacena Project includes a large, plus 5,760-hectare land package controlled 100% by Pan
Global in the east 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 is in the permitting stage to restart mining.
The Escacena Project hosts the La Romana
copper/tin discovery and a number of other prospective targets, including La Jarosa, Hornitos, Zarcita,
Pilar, Bravo and Barbacena.
About Pan Global Resources
Pan 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 Persons
James 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 for this news release.
Mr. Royall is not independent of the Company.
On behalf of the Board of Directors
www.panglobalresources.com
.
FOR FURTHER INFORMATION PLEASE CONTACT:
+44 7766 253145
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 news 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 news release is based on information available to the
Company as of the date of this news 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.
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