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Pan Global Resources announces C$3 million private placement (PGZFF:OTCMKTS)

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Pan Global Resources announces C million private placement (PGZFF:OTCMKTS)
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Pan Global Resources (TSXV:PGZ:CA) announced on Monday that it is arranging a non-brokered private placement financing of up to 18.75 million common shares at C$0.16 per share for aggregate gross proceeds of up to C$3 million. 
The net proceeds of the offering will be used to advance the company’s exploration and resource definition programs in Spain and for general corporate purposes.
Source: Press Release

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