Pan Global Resources Inc. (TSXV:PGZ) announced today that it has concluded its non-brokered financing and has issued an aggregate 2,747,500 units. The proceeds of the private placement will be used to fund the company’s exploration program in Serbia, which is being undertaken by Lithium Li Holdings Inc., its exploration partner.
As quoted in the press release:
The offering was oversubscribed by nearly 250,000 Units. Each Unit consists of one common share and one share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.60 for two years from closing of the Offering.