VANCOUVER, BC, March 15, 2023 /PRNewswire/ - Pan Global
Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB:
PGZFF) is pleased to announce that the Company has qualified for
trading on the OTCQB Venture Market in the United
States operated by the OTC Markets Group Inc. and the
Company's common shares now trade on the OTCQB under the symbol
"PGZFF".
The Company's common shares will continue to trade on the TSX
Venture Exchange (the "TSX-V") under the symbol "PGZ".
"As part of graduating from the OTC Pinks to OTCQB platform, we
learned that that Pan Global has a more significant following in
the U.S. markets than we expected. The posting of our shares on the
OTCQB allows greater access and visibility for the Company as we
advance the Escacena Copper Project in southern Spain," said Tim Moody, President and CEO
of Pan Global. "As we continue to expand our presence within
the U.S. investment community, the trading of our shares on the
OTCQB platform facilitates the expansion and growth of the
Company."
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company
on www.otcmarkets.com. The Company's listing on the TSX-V
and the trading of its shares on the OTCQB contribute to a growing
awareness of the Company and affords investors lower-barrier access
to trading.
The 2023 Project plan includes more than 50 additional drill
holes at Escacena. A 10-hole stepout and infill drill program is in
progress at the La Romana discovery targeting electromagnetic
anomalies, further testing the continuity and potential down-dip
extensions of the mineralization. Drilling is also in progress at
the Zarcita and Romana Deep targets at Escacena.
Catalysts for 2023 include:
- Assay results from the ongoing exploration drilling at La
Romana, the Romana Deep target (electromagnetic anomaly on the
down-dip projection of the La Romana mineralization) and Zarcita
target (located 4 km north of La Romana)
- Gaining access to the west and east of La Romana to continue
testing extensions of the near-surface mineralization and
geophysics targets
- Results from ongoing La Romana metallurgy testwork
- Assay results from drilling on the extensions of La Romana
following access
- Discovery of additional exploration targets from the ongoing
exploration
About the Escacena
Project
The Escacena Project comprises a large, contiguous,
5,760-hectare land package controlled 100% by Pan Global in the
east of the Iberian Pyrite Belt. The project is located near
operating mines at Las Cruces and Riotinto and is immediately
adjacent to the former Aznalcóllar and Los Frailes mines where
Minera Los Frailes/Grupo Mexico is in the final permitting stage
with construction anticipated to restart in 2023. The Escacena
Project hosts the La Romana copper-tin discovery and a number of
other prospective targets, including Zarcita, Hornitos, La Jarosa,
Romana Deep, Bravo, Barbacena, El Pozo, and San Pablo.
About Pan Global
Resources
Pan Global Resources Inc. is actively engaged in base and
precious metal exploration in southern Spain and is pursuing opportunities from
exploration through to mine development. The Company is committed
to operating safely and with respect to the communities and
environment where we operate.
On behalf of the Board of Directors
Statements which 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 outcomes and the Company's actual results could
differ materially from those in such forward-looking statements.
The Company believes that the expectations reflected in the
forward-looking information included in this news release are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking information
should not be unduly relied upon. 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 disclosures outlined in the
Company's Management Discussion and Analysis of its audited
financial statements filed with the British Columbia Securities
Commission.
The forward-looking information contained in this news release
is based on information available to the Company as of the date of
this news release. Except as required under applicable securities
legislation, the Company does not intend, and does not assume any
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 ADEQUACY OR
ACCURACY OF THIS RELEASE.
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SOURCE Pan Global Resources Inc.