Pan Global Grants Annual Awards Under the Ltip
PAN GLOBAL GRANTS ANNUAL AWARDS
UNDER THE LTIP
TSXV: PGZ | OTCQX: PGZFF | FSE: 2EU
VANCOUVER, BC
,
Dec. 22, 2023
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company")
(TSXV: PGZ) (OTCQX: PGZFF) (FSE: 2EU) announces that the Company's Board of Directors has
approved annual grants under the shareholder-approved Omnibus Equity Incentive Compensation Plan of
2,037,500 incentive stock options to officers, directors, employees, and consultants to the Company; and of
800,000 Restricted Share Units (RSUs) to senior management of the Company.
The incentive stock options entitle the holders to purchase the equivalent number of common shares of the
Company at a price of
$0.20
per common share for a period of five years from the date of grant. The
options will vest as follows: 25% on grant, followed by an additional 25% on each of the 6-month, 12-month,
and 18-month anniversaries from the date of grant. The RSUs will vest over 18 months from the date of
grant, with 50% vesting 12 months after the grant date, and the remaining 50% vesting on the 18-month
anniversary from the date of grant.
About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling
supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global
electrification and energy transition. The Company's flagship Escacena Project is located in the prolific
Iberian Pyrite Belt in southern
Spain
, where infrastructure, mining and professional expertise, and support
for copper as a Strategic Raw Material by the European Commission collectively define a tier-one
jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, development,
and mine operations - all of which are committed to operating safely and with utmost respect for the
environment and our partnered communities.
On behalf of the Board of Directors
FOR FURTHER INFORMATION PLEASE CONTACT:
Jason Mercier
, VP Investor Relations and Communications
+1 778 372-7101
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.
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SOURCE
Pan Global Resources Inc.
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%SEDAR: 00024063E
CO: Pan Global Resources Inc.
CNW 15:55e 22-DEC-23