Dual-Listed Copper Miner Increases Private Placement On Strong Demand

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, October 19, 2023

Copper has compelling supply-demand fundamentals — and an outlook for strong long-term prices as a critical metal for global electrification and energy transition. And this company is actively targeting copper deposits. Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) announced in a press release that it has increased its previously announced non-brokered private placement financing from $2 million to C$6 million due to strong demand.

Located in the prolific Iberian Pyrite Belt in southern Spain, Pan Global’s flagship Escacena Project is where infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one jurisdiction for mining investment.

Following the announcement in early October of an arranged non-brokered private placement financing of up to 10,000,000 units of securities at a price of $0.20 per unit for aggregate gross proceeds of up to C$2 million, Pan Global will now be issuing up to 30,000,000 units for aggregate gross proceeds of up to C$6 million.

Both Canadian and U.S. shares were trading up in morning trade.

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