Pan Global, Corp. Provides Part C of Analysis Series for Shareholders -- Unveiling Photos of First Small-Hydro Plant Acquisit...
April 03 2014 - 6:30AM
Marketwired
Pan Global, Corp. Provides Part C of Analysis Series for
Shareholders -- Unveiling Photos of First Small-Hydro Plant
Acquisition
CARSON CITY, NV--(Marketwired - Apr 3, 2014) - Pan Global, Corp.
(OTCQB: PGLO) (the "Company") today announces the 3rd of a
five-part series of press releases intended to provide its current
and prospective shareholders with the Company's analysis of its
opportunity in India's green energy industry, plus additional
details about its small-hydro plant acquisition.
In today's Part C of the analysis series, the Company is proud
to provide shareholders with a slideshow presentation unveiling,
through photos and specific details made public for the first time,
the 5.7MW small-hydro project in northern India ("Project Badyar")
currently in the process of being acquired by the Company on a
staggered basis.
To view the Project Badyar slideshow presentation, please click
HERE.
The Company will also post the slideshow presentation on its
website at www.panglobalcorp.com.
The presentation's highlights include the following:
- Construction of Project Badyar is scheduled to be completed
this spring, or more specifically, within the next 15 to 30 days,
barring any adverse weather conditions or other unforeseen
circumstances;
- The Project Badyar is expected to have a lifespan of 35 years
and to operate 24/7, 365 days/year; and
- The Badyar Project is anticipated to provide 27,500 MW per
year, covering the demand of approximately 100,000 Indian
households.
The Company's management commented, "We are extremely proud to
share today with our shareholders more detail of the first
small-hydro plant we are working towards acquiring. RYEL has
done a tremendous effort over the past few years in getting the
Project Badyar construction to this stage. Once construction is
completed, the process of getting Project Badyar connected to power
grid is intended to begin immediately so that the plant can
commence commercial operations as soon as possible. We are excited
to be involved and look forward to the future and intend to
continue increasing our equity interest in RYEL under our
acquisition agreement with them."
The Company is in the process of acquiring 100% of Project
Badyar through its staggered acquisition of RYEL. The Company
recently announced that it has closed on the third tranche of the
acquisition and currently holds a 7.51% equity interest in
RYEL.
Company management commented further, "We look forward to
continuing to provide our shareholders with additional information
and insights into our vision and plans with this Analysis Series.
We believe in the path we have chosen, and remain committed to our
long term goal of building shareholder value."
As previously disclosed, on October 28, 2013, the Company,
through its wholly-owned subsidiary, Pan Asia Infratech Corp.,
entered into a Stock Purchase Agreement ("Acquisition Agreement")
with Regency Yamuna Energy Limited, an India corporation
commissioning the Project Badyar ("RYEL"), and the RYEL
stockholders, pursuant to which the Company has agreed acquire, on
a staggered basis, 100% of the outstanding shares and convertible
debt (if not previously converted) of RYEL. Further details of the
Acquisition Agreement are available in the Company's periodic and
current reports filed with the SEC and available on the SEC's
website free of charge at www.sec.gov.
The Acquisition Agreement contains pre-closing conditions,
customary representations and warranties, post-closing covenants
and mutual indemnification obligations for, among other things,
inaccuracy or breach of any representation or warranty and any
breach or non-fulfillment of any covenant.
About Pan Global,
Corp. Pan Global, Corp., through its wholly-owned
subsidiary, Pan Asia Infratech, Corp., is focused on
environmentally sustainable energy, infrastructure and
technologies. Our aim is to invest in green energy technology and
infrastructure to build an inclusive green economy around the
world.
For additional information, please visit the Company's website
at www.panglobalcorp.com, the contents of which are not
incorporated into this press release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The foregoing contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. We
intend for these forward-looking statements to be covered by the
safe harbor provisions of the federal securities laws relating to
forward-looking statements. These forward-looking statements
include statements relating to, or representing management's
beliefs about, our future transactions, strategies, operations,
events and financial results. Such forward-looking statements often
contain words such as "will," "anticipate," "believe," "plan,"
"estimate," "expect," "intend," "is targeting," "may," "should" and
other similar words or expressions. Forward-looking statements are
made based upon management's current expectations and beliefs and
are not guarantees of future performance. Our actual business,
financial condition or results of operations may differ materially
from those suggested by forward-looking statements as a result of
risks and uncertainties which include, among others, those risks
and uncertainties described in any of our other filings with the
SEC. Certain other factors which may impact our business, financial
condition or results of operations or which may cause actual
results to differ from such forward-looking statements are
discussed or included in our periodic reports filed with the SEC
and are available on our website at www.panglobalcorp.com under
"Investor Info". You are urged to carefully consider all such
factors. We do not undertake or plan to update or revise
forward-looking statements to reflect actual results, changes in
plans, assumptions, estimates or projections, or other
circumstances occurring after the date of this news release, even
if such results, changes or circumstances make it clear that any
forward-looking information will not be realized. If we make any
future public statements or disclosures which modify or impact any
of the forward-looking statements contained in or accompanying this
news release, such statements or disclosures will be deemed to
modify or supersede such statements in this news release.
Disclaimer: This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, and shall not
constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Contact Information Pan Global, Corp. Investor Relations Phone:
877-999-7978 Email:
PGLO@panglobalcorp.com
Pan Global (PK) (USOTC:PGLO)
Historical Stock Chart
From Apr 2024 to May 2024
Pan Global (PK) (USOTC:PGLO)
Historical Stock Chart
From May 2023 to May 2024