Pan Global Announces Non-Brokered Private Placement Financing
1199 West Hastings Street, Suite 700, Vancouver, BC V6E 3T5
Tel: 604-689-9930 Fax: 604-689-9940
June 15th, 2018
Shares Issued and Outstanding: 81,755,387
TSXV: PGZ
PAN GLOBAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
VANCOUVER, BRITISH COLUMBIA – (June 15, 2018) – Pan Global Resources Inc. (“Pan
Global” or the "Company") (TSX Venture Exchange: PGZ) today 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 $0.20 per Unit for aggregate gross proceeds of up to $3,000,000.00
(the “Offering”). Each Unit will be comprised of one (1) common share and one -half of one
(1/2) non-transferable common share purchase warrant, with each whole warrant entitling the
holder to purchase one additional common share at a price of $0.30 for eighteen (18) months
from closing of the Offering. The expiry date of the warrants may be accelerated by the
Company if the common shares of the Company achieve a volume weighted average trading
price greater than $0.35 for twenty (20) consecutive trading days, after four months and one
day following closing of the Offering.
Finders’ fees of up to 6.0% cash and up to 6.0% Units may be payable on a portion of the
Offering.
The ne t proceeds of the private placement will be used to fun d the Company’s on-going
exploration programs, including drilling on the Company’s Águilas 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
has com mitted 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 fu ture. 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.