Pan Global Announces Acceleration of Expiry of Warrants
1199 West Hastings Street, Suite 700, Vancouver, BC V6E 3T5
Tel: 604-689-9930 Fax: 604-689-9940
August 8, 2017
Shares Issued and Outstanding: 60,085,387
TSXV: PGZ
PAN GLOBAL ANNOUNCES ACCELERATION OF EXPIRY OF WARRANTS
VANCOUVER, BRITISH COLUMBIA – (August 8, 2017) – Pan Global Resources
Inc. (“ Pan Global ” or the " Company") (TSX Venture Exchange: PGZ) today
announced that it has elected to accelerate the expiry date of the warrants (the
"Warrants") issued on March 6, 2017 as part of its private placement unit offering
(the "Private Placement").
Pursuant to th e terms of the Private Placement, if the volume weighted average
trading price of the Company’s s hares on the TSXV is above $0.13 per share for
twenty (20) consecutive trading days, the Company is entitled to accelerate the
expiry date of the Warrants to a date twenty (20) business days from the date notice
of such acceleration is provided to holders of Warrants. The Company has elected to
provide notice of such acceleration to the holders of Warrants.
This press release constitutes notice to Warrant holders of the new expiry time. Any
Warrants remaining unexercised after the new expiry time will be cancelled.
Effective today, the Warrants issued to the purchasers pursuant to the Private
Placement are set to expire at 4:30 p.m. (Vancouver time) on Wed nesday,
September 6, 2017.
Although it is unknown how many Warrants will be exercised, if all of the Warrants
are exercised, the Company will receive additional proceeds of $2,123,000 and a
total of 21,230,000 additional common shares of the Company will be issued. If all
agents’ warrants issued in connection with the private placement are exercised, the
Company will receive additional proceeds of $100,020 and a total of 1,000,200
additional common shares of the Company will be issued.
How to Exercise Warrants
Warrant holders who wish to exercise their Warrants should instruct their investment
advisor and be prepared to provide payment to their advisor firm equal to the
exercise price for each warrant exercised. Investors should consult with their
investment advisor to confirm the time required to complete this process and other
costs associated with the exercise, if any.
Warrant holders who hold a physical certificate wishing to exercise Warrants need to
provide the Company with a certified cheque, ban k draft or money order payable to
Pan Global Resources Inc., together with the Warrant certificate with the exercise
appended to the certificate duly completed.
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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.
On behalf of the Board of Directors
www.panglobalresources.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
MICHELLE BORROMEO
Investor Relations
E-mail: [email protected]
Phone: +1 604-715-6845
Statements which are not purely historical are forward -looking statements, includin g
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.