Pan Global Resources Inc announced that it has received CAD 1.10 million in fuding.
On January 4, 2013, Pan Global Resources Inc. closed the transaction. The company issued 2,747,500 units for gross proceeds of CAD 1,099,000. All securities issued are subject to hold period expiring April 20, 2013. The offering is subject to the final approval of the TSX Venture Exchange. The transaction saw participation from 16 placees including Julian Bavin, the Chief Executive Officer of the company, who invested for 250,000 units, Justin Dyer and Bruce Kelsche, who invested for 30,000 units each, and Daniel George McIntyre, who invested for 50,000 units. The company raised $25,328 (CAD 24,999.7) pursuant to Regulation D from one investor. The conversion has been made through www.oanda.com as on January 4, 2013.