Pan Global Announces Closing of $5.6 Million Private Placement with Strategic Investor
PAN GLOBAL ANNOUNCES CLOSING OF $5.6
MILLION PRIVATE PLACEMENT WITH
STRATEGIC INVESTOR
/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
,
Jan. 21, 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 a non-brokered
private placement financing with a strategic investor and issued 35,000,000 Common Shares (the
"
Shares
") of the Company at a price of
C$0.16
per Share for aggregate gross proceeds of up to
C$5,600,000
(the "
Offering
"). The common shares issued pursuant to this private placement will be
subject to a hold period expiring
May 15, 2026
.
The proceeds of the Offering will be used to advance an 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.
"Pan Global is pleased to welcome as a shareholder a highly respected strategic investor with extensive
mine operating experience. This investment validates our exploration portfolio and operating team in
Spain
and strengthens our ability to advance our Escacena and Cármenes Projects and unlock new
discoveries in 2026," said
Tim Moody
, President and CEO.
The Offering is subject to final TSX Venture Exchange acceptance.
The securities 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,
Southern Spain
The Escacena Project and recently added Escacena South area comprises a large, contiguous mineral
rights 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 with 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 further increase the mineral rights holdings in the Iberian Pyrite Belt to
more than 13,900-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 copper-tin-silver deposit, the Cañada Honda copper-
gold discovery, and a number of other prospective targets.
About the Cármenes Project,
Northern Spain
The Cármenes Project is located on the Rio Narcea Gold Belt approx. 55km north of León 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 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.
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
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 00:05e 21-JAN-26