Pan Global Announces Closing of First Tranche of Previously Announced Non-Brokered Private Placement Financing
PAN GLOBAL ANNOUNCES CLOSING OF
FIRST TRANCHE OF PREVIOUSLY
ANNOUNCED NON-BROKERED 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
VANCOUVER, BC
,
Oct. 22, 2025
/CNW/ -
Pan Global Resources Inc. ("Pan Global" or the
"Company")
(TSXV: PGZ) today announced it has completed the first tranche of its previously
announced non-brokered private placement by the issuance of 14,517,500 common shares (the
"Shares") at a price of
$0.16
per Share for aggregate gross proceeds of
$2,322,800
(the "First
Tranche"). The Shares are subject to a four-month hold period, expiring
February 23, 2026
.
Finders' fees in the aggregate of
$46,368
were paid on a portion of the First Tranche.
Proceeds of the First Tranche will be used to advance exploration, including drilling, at the Company's
flagship properties in
Spain
and for general corporate purposes.
One director of the Company participated in the financing and was issued an aggregate of 100,000
Shares under the First Tranche. This subscription constitutes a "related party transaction" within the
meaning of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions
("
MI 61-101
"). The issuance of the Shares to the related party was exempt from the valuation
requirement of MI 61-101 under the exemption in section 5.5(b) of MI 61-101 in that the Company's
shares are not listed on a specified market, and from the minority shareholder approval requirements of
MI 61-101 under the exemption in section 5.7(a) of MI 61-101 in that the fair market value of the
consideration for the securities issued to the related party did not exceed 25% of the Company's market
capitalization. The Company did not file a material change report at least 21 days in advance of the
closing of these transactions as the participation of the related party in the transactions had not been
confirmed at that time.
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 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
www.panglobalresources.com
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
CO: Pan Global Resources Inc.
CNW 19:27e 22-OCT-25