September 27, 2010
Shares Issued and Outstanding: 9,514,000
VANCOUVER, BRITISH COLUMBIA – (September 27, 2010) – Pan Global Resources Inc. (the "Company") (TSX Venture Exchange: PGZ) today announced an increase to its previously announced brokered private placement with Raymond James Ltd. Due to heavy demand, the maximum offering has been increased from 5,000,000 units to 7,000,000 units at a price of $0.30 per unit. If fully subscribed, aggregate gross proceeds of the offering will be $2,100,000.
In all other respects, the terms of the private placement will be as announced on September 16, 2010.
Completion of the private placement is subject to the approval of the TSX Venture Exchange.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Robert Baxter, Director Telephone: 51-1-9935-26473
Pan Global Resources Inc. Email: firstname.lastname@example.org