Pan Global Resources Inc. Announces Completion of Warrant Acceleration
11.07.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - July 11, 2011) - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSX VENTURE: PGZ) today announced, further to its news release dated June 10, 2011, that it has successfully completed the acceleration of its share purchase warrants (the "Warrants") issued on December 10, 2010 and January 25, 2011. All 3,937,491 Warrants outstanding were exercised at a price of $0.45 per Warrant, for gross proceeds of $1,771,870.90. The Company is well-positioned to continue its exploration and development activities in the Balkans, and to pursue other opportunities.As of July 8, 2011, the Company has 21,701,482 common shares issued and outstanding.
About Pan Global
Pan Global Resources Inc. is an emerging Lithium, Potash and Borate developer. Through early stage exploration of high quality targets in the Miocene sedimentary basins of the Balkans region, the company expects to become a producer of Lithium and/or Borates. Global demand for lithium is expected to increase rapidly as lithium-based automobile batteries become an important alternative source of energy.
Shares Issued and Outstanding: 21,701,482
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Contact Information
Pan Global Resources Inc.
Mr. Julian Bavin, CEO and Director
011 56 978095217
jbavin@panglobalresources.com
www.panglobalresources.com