asx pan

Pan Global Announces Increase to Bought Deal Private Placement

Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the "Company")  today announced that due to strong demand, its previously announced "bought deal" private placement financing has been increased from C$10 million to C$12 million.

The Company announced yesterday that it had entered into an engagement letter with a syndicate of underwriters co-led by Canaccord Genuity Corp., Sprott Capital Partners, and Echelon Wealth Partners Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 16,667,000 common shares (the "Common Shares") of the Company for gross proceeds of approximately C$10 million (the "Offering"). The Underwriters have now agreed to upsize the Offering to 20,000,000 Common Shares, with an option for over-allotments for an additional 3,000,000 Common Shares for additional gross proceeds of $1.8 million.

If the over-allotment option is fully exercised, aggregate gross proceeds of the Offering are expected to be C$13.8 million.

Pan Global's President and CEO, Tim Moody, noted: "We are very encouraged by the strong demand for the Offering. The additional proceeds will allow us to further accelerate our planned drilling and exploration programs in Southern Spain."

In all other respects, the terms of the Offering will be as announced on May 20, 2021. The Offering is expected to close on or about June 4, 2021.

Completion of the 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 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:
info@panglobalresources.com

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.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84853

News Provided by Newsfile via QuoteMedia

The Conversation (0)
White Cliff Minerals

White Cliff Minerals Limited (ASX: WCN) – Trading Halt

Description

The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 May 2025 or when the announcement is released to the market.

Keep reading...Show less
Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the receipt of TSX Venture Exchange (the " Exchange ") conditional acceptance for its previously announced earn-in agreement (the " PIL Earn-In Agreement ") with Freeport-McMoRan Mineral Properties Canada Inc. (" Freeport "), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX) relating to its PIL property (" PIL Property "). The PIL Property consists of 50 mineral claims in the Toodoggone District of northern British Columbia . The Company also entered into an earn-in agreement (the " ATTY Earn-In Agreement ") with Freeport relating to its ATTY property (the " ATTY Property ", together with the PIL Property, the " Properties "). The ATTY Earn-In Agreement is not subject to Exchange approval, as it qualifies as an "Exempt Transaction" under Exchange Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets . The PIL and ATTY earn-in agreements are arm's length transactions, and no finder's fees are payable in connection with either earn-in agreement.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Conference Presentations in Australia & N America

Empire Metals Limited (LON:EEE)(OTCQB:EPMLF), the AIM-listed and OTCQB-traded resource exploration and development company, is pleased to inform investors of its upcoming participation in two key industry events:

  • RIU Sydney Resources Round-up (6-8 May 2025 at the Hyatt Regency in Sydney, NSW), where the Company will be delivering a presentation to delegates and will meet existing and prospective investors at its booth in the exhibition area; and
  • OTC Metals & Mining Virtual Investor Conference (6-8 May 2025), where Empire will present to a global online audience of investors and industry participants. Investors can learn more about the event and register at www.virtualinvestorconferences.com.

These events provide an opportunity for the Company to update shareholders and potential investors on recent developments and strategic plans, including highlights from the ongoing exploration and development activities at the Pitfield Project and other key announcements made in recent weeks.

Keep reading...Show less
Electric Royalties (TSXV:ELEC)

Electric Royalties Announces Marketing Activities and Long-Term Incentive Grants

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces marketing activities intended to increase investor awareness about its royalty portfolio throughout 2025.

The Company engaged Jefferson Financial for the distribution of an article in their Golden Opportunities newsletter for a fee of US$7,500 on April 3, 2025. Such fee will be paid in cash from the Company's cash on hand. U.S.-based Jefferson Financial produces invest-oriented newsletters, special reports and events including the New Orleans Investment Conference. The Company may, from time to time, engage Jefferson Financial to distribute subsequent articles for similar fees. The Company and Jefferson Financial are at arm's length and, to the Company's knowledge, Jefferson Financial does not have any direct interest in the Company or its securities.

Keep reading...Show less
Empire Metals

Empire Metals

Keep reading...Show less

Latest Press Releases

Related News

×