Pan Global Resources Inc. (TSXV:PGZ) announced a bought deal private placement of up to 16,667,000 common shares at a price of CAD 0.60 per share for gross proceeds of up to CAD 10,000,200 on May 20, 2021. The company has also granted the underwriters an option to purchase up to an additional 2,500,050 common shares for a gross proceeds of CAD 1,500,000 to cover over-allotments, exercisable in whole or in part until 48 hours prior to the closing date of the transaction. The transaction is expected to close on June 4, 2021. The transaction is subject to the approval of the TSX Venture Exchange. The securities are subject to a hold period of four months and one day from the date of closing.