Pan Global Announces Results of Annual General And Special Meeting of Shareholders and Private Placement Financing
Pan Global Announces Results of Annual General And
Special Meeting of Shareholders and Private Placement
Financing
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2019) -
Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the
"Company") is pleased to announce that the nominees listed in the management proxy circular for the 2019 Annual General &
Special Meeting of Shareholders ("
Annual Meeting
") were unanimously elected as directors of the Company:
Patrick Evans
Tim Moody
Bob Baxter
Patrick Downey
Brian Kerzner
Bob Parsons
At the Annual Meeting, Davidson & Company LLP were re-appointed as auditor of the Company at remuneration to be fixed by
the directors.
The Company's rolling 10% Stock Option Plan was re-approved by a majority of over 99% of the votes cast at the
Annual Meeting.
Private Placement Financing
The Company also announced it has arranged a non-brokered private placement financing of up to 15,000,000 units (the
"
Units
") of securities at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,500,000.00 (the "
Offering
").
Each
Unit will be comprised of one (1) common share and one (1) non-transferable common share purchase warrant, with each whole
warrant entitling the holder to purchase one additional common share at a price of $0.20 for two (2) years from closing of the
Offering.
Finders' fees of cash and Units may be payable on a portion of the Offering.
The net proceeds of the private placement will be used to fund the Company's continuing exploration program on the Company's
Águilas Project and the Company's Escacena Project in Andalucia, Spain, and for working capital.
Completion of the private placement is subject to the approval of the TSX Venture Exchange.
About Pan Global Resources
Pan Global Resources Inc. is actively engaged in base and precious metal exploration in 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.
On behalf of the Board of Directors
www.panglobalresources.com
.
FOR FURTHER INFORMATION PLEASE CONTACT:
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. 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.
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.
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https://www.newsfilecorp.com/release/45776