Pan Global Resources Inc announces the engagement of investor relations consultant
Ms. Borromeo shall receive a monthly remuneration of $3,000 per month as well as an option to purchase 200,000 common shares of the Company (the "Options") at an exercise price of $0.10 per share under the terms of the stock option plan of the Company. The Options will vest in stages over the length of the Term. 25% of the total number of Options granted will vest immediately. 25% of the total number of Options granted would vest three months after the date of grant and an additional 25% of the total number of Options granted will vest on each three month anniversary thereafter.
The agreement between the Company and Ms Borromeo is renewable and can be terminated by either party on 30 days written notice. The agreement and the grant of the Options are subject to regulatory approval.
Shares Issued and Outstanding: 60,085,387
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.
Contact
Pan Global Resources Inc.
Mr. Brian Kerzner, President and CEO
E-mail: brian@kerzner.ca
www.panglobalresources.com