On November 1, 2023, Pan Global Resources Inc. closed the transaction. The company issued 30,350,000 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 6,070,000. The transaction was oversubscribed. Two officers and one director of the Company subscribed for and were issued an aggregate of 776,280 Units under the Offering. The securities issued pursuant to this private placement are subject to a four-month hold period in Canada and will be subject to U.S. resale restrictions under U.S. securities laws. Finders fees were paid on a portion of the Offering. The company has received CAD 1,441,744 ($1,052,918) from 39 investors pursuant to Regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 80 placees including existing insider involvement of three insiders for 776,280 and Total pro group involvement of 4 pro groups for 850,000. The company paid the finder's fees of CAD 273,295.92.