PAN GLOBAL CLOSES UPSIZED $7.2 MILLION PRIVATE PLACEMENT

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TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU

VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ — Pan International Sources Inc. (“Pan Global” or the “Company”) (TSXV: PGZ) (OTCQX: PGZFF) (FRA: 2EU) is happy to announce the latter of the non-brokered personal placement introduced on October 15, 2024, that used to be therefore upsized because of robust call for from current shareholders, institutional useful resource price range, and a strategic Spanish investor.

“I am delighted that the financing has met with such strong support from existing shareholders as well as two new major investors: a strategic investment from a private Spanish partner and Konwave AG, a prominent European resource fund. The Company is now well-funded to advance our vision to define 100 million tonnes of copper mineralization at the flagship Escacena Project. Our immediate focus is the maiden drill program at the highly prospective Bravo target at the Escacena Project and continued expansion drilling at the La Romana discovery ahead of a maiden resource in 2025,” mentioned Tim Moody, Pan International President and CEO.

“Escacena is a low-risk advanced copper exploration project in Europe hosting near-surface copper mineralization with significant upside size potential, in a top-tier mining region of southern Spain close to major operating mines and infrastructure.”

The Corporate issued 60,419,328 Devices (the “Units“) for combination improper proceeds of $7,250,319.36. Each and every Unit is made from one (1) usual proportion and one-half of 1 (1/2) non-transferable usual proportion acquire warrant, with each and every entire warrant entitling the holder to buy one backup usual proportion at a worth of $0.16 for a length of 18 months from latter of the Providing. In reference to the Non-public Placement, the Corporate paid a 6.0% money finder’s price on a portion of the Non-public Placement. All buck ($) quantities in Canadian greenbacks.

The web proceeds of the personal placement can be old to exit the Corporate’s exploration systems in Spain, in addition to for normal company and dealing capital functions.

The securities issued pursuant to this personal placement can be topic to a four-month keep length in Canada and can be topic to U.S. resale restrictions underneath U.S. securities rules.

The securities to be bought within the personal placement have now not been registered underneath the U.S. Securities Operate of 1933, as amended (“U.S. Securities Act”), or any shape or alternative acceptable jurisdiction’s securities rules, and will not be introduced or bought in the US absent registration or an acceptable exemption from the registration necessities of the U.S. Securities Operate and acceptable shape or alternative jurisdictions’ securities rules. This media leave shall now not represent an deal to promote or the solicitation of an deal to shop for those securities, nor shall there be any deal, solicitation, or sale of those securities in any jurisdiction by which such deal, solicitation or sale can be illegal.

About Pan International Sources

Pan International Sources Inc. is actively focused on copper-rich mineral deposits, given copper’s compelling supply-demand basics and outlook for robust long-term costs as a vital steel for international electrification and effort transition. The Corporate’s flagship Escacena Venture is situated within the prolific Iberian Pyrite Belt in southern Spain, the place infrastructure, mining {and professional} experience, and backup for copper as a Strategic Uncooked Subject matter via the Eu Fee jointly outline a tier-one jurisdiction for mining funding. The Pan International group incorporates confirmed skill in exploration, building, and mine operations – all of that are dedicated to working safely and with extreme admire for the shape and our partnered communities. The Corporate is a member, and operates underneath the foundations of, the United Countries International Compact.

To the behalf of the Board of Administrators

Ahead-looking statements
Statements which aren’t purely historic are forward-looking statements, together with any statements referring to ideals, plans, expectancies or intentions in regards to the past. It’s noteceable to notice that fresh results and the Corporate’s fresh effects may just range materially from the ones in such forward-looking statements. The Corporate believes that the expectancies mirrored within the forward-looking knowledge integrated on this information leave are cheap, however deny oath can also be for the reason that those expectancies will end up to be right kind and such forward-looking knowledge must now not be unduly relied upon. Dangers and uncertainties come with, however aren’t restricted to, financial, aggressive, governmental, environmental and technological components that can impact the Corporate’s operations, markets, merchandise and costs. Readers must the following the chance disclosures defined within the Corporate’s Control Dialogue and Research of its audited monetary statements filed with the British Columbia Securities Fee.

The forward-looking knowledge contained on this information leave is in response to knowledge to be had to the Corporate as of the while of this information leave. With the exception of as required underneath acceptable securities regulation, the Corporate does now not intend, and does now not think any legal responsibility, to replace this forward-looking knowledge.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR MORE INFORMATION PLEASE CONTACT: Jason Mercier, VP Investor Members of the family and Communications, [email protected] / [email protected], Tel: +1-236-886-9518, Andy Marshall, Well-known Monetary Officer, [email protected], +1 778 309-4784, www.panglobalresources.com