TSXV: PGZ,OTC:PGZFF | OTCQB: PGZFF | FRA: 2EU
Pan Global Resources Inc. (“Pan Global” or the “Company”) (TSXV: PGZ,OTC:PGZFF) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce that it has closed a non-brokered private placement financing with a strategic investor and issued 35,000,000 common shares (the “Shares”) of the Company at a price of C$0.16 per Share for aggregate gross proceeds of up to up to C$5,600,000 (the “Offering”). The ordinary shares issued under this private placement have a holding period ending on May 15, 2026.
Proceeds from the Offering will be used to advance an extensive exploration and drilling program at the Company’s Escacena and Cármenes projects, including at the recently acquired and highly forward-looking Escacena South property in the southern United States. Spainand for general business purposes.
“Pan Global is pleased to welcome as a shareholder a highly respected strategic investor with extensive mine exploitation experience. This investment validates our exploration portfolio and operating team in Spain and strengthens our ability to advance our Escacena and Cármenes projects and unlock new discoveries by 2026,” said Tim MoodyChairman and CEO.
The Offering is subject to final acceptance by TSX Venture Exchange.
The securities sold in the private placement have not been registered under the United States Securities Act of 1933, as amended (“US Securities Act”), or the securities laws of any state or other applicable jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the United States Securities Act and applicable state or other securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About the Escacena project, Southern Spain
The Escacena Project and the recently added Escacena South area comprise a large, contiguous mineral rights land package 100% controlled by Pan Global in the eastern Iberian Pyrite Belt. The area has been expanded from 5,760 hectares to more than 10,000 hectares with the granting of the mineral rights Flores, Rosario and Girasoles in September 2025. Pan Global has also submitted four additional research permit applications covering an area of 3,888 hectares (Inmaculada, Saint Elizabeth, Saint Michael me and Saint Michael II) which will further increase mineral rights in the Iberian Pyrite Belt to more than 13,900 hectares. Escacena is located close to the operational mine in Riotinto and is directly adjacent to the former Aznalcóllar and Los Frailes mines, where Minera Los Frailes (Grupo México) is starting a new underground mine development beneath the former Los Frailes open-pit mine. The Escacena project hosts Pan Global’s La Romana copper-tin-silver deposit, Cañada Honda’s copper-gold discovery and a number of other potential targets.
About the Cármenes Project, Northern Spain
The Cármenes project is located on the Rio Narcea Gold Belt, approx. 55 km north of León and includes five research permits over 5,653 hectares. The project area is highly promising for multiple bodies or “clusters” of breccia-style carbonate-hosted “pipe-like” copper, nickel, cobalt and gold mineralization. The area includes the former Profunda and Providencia mines which last operated in the 1930s producing concentrates of copper and cobalt with nickel. Numerous other smaller historic mining operations in the area highlight the potential for additional breccia pipes. These types of ore deposits can have significant vertical dimensions of more than 1 km. The company’s recent maiden drill program at the Providencia target produced a new gold discovery.
About pan-global resources
Pan Global Resources Inc. is actively exploring copper-rich mineral deposits, along with gold and other metals. Copper has compelling supply-demand fundamentals and prospects for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices.
The company’s flagship Escacena Project is located in the fertile Iberian Pyrite Belt in the south Spainwhere a favorable licensing record, excellent infrastructure, mining and professional expertise, and support for copper as a strategic resource jointly define a low-risk jurisdiction for mining investments by the European Commission. The company’s second project, in Cármenes in the north Spainis also an area with a long mining history and excellent infrastructure. The Pan Global team consists of proven talent in exploration, discovery, development and mining operations – all of whom are committed to operating safely and with the utmost respect for the environment and our partner communities. The company is a member and operates according to the principles of the United Nations Global Compact.
To learn more about Pan Global Resources, visit the company’s Curation Connect showcase and view AI-generated answers to your questions at https://app.curationconnect.com/company/Pan-Global-Resources-44037?utm_source=pg_mediareleases
Forward-Looking Statements
Statements that 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 results and the Company’s results may differ materially from those expressed in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information contained in this press release are reasonable, but no assurance can be given that these expectations will prove to be correct and undue reliance should not be placed on such forward-looking information. 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 information set forth in the Company’s Management Discussion and Analysis of the audited financial statements filed with the British Columbia Securities Commission.
The forward-looking information contained in this press release is based on information available to the Company as of the date of this press release. Except as required under applicable securities laws, the Company does not intend, and assumes no 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 SUITABILITY OR ACCURACY OF THIS RELEASE.
SOURCE Pan Global Resources Inc.
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