SOURCE: Pan Global, Corp.

October 22, 2013 08:00 ET

Pan Global, Corp. Discusses Recent Reduction of Issued and Outstanding Shares Agreement With Majority Shareholder, Provides Capitalization Benefit

CARSON CITY, NV--(Marketwired - Oct 22, 2013) - Pan Global, Corp. (OTCQB: PGLO) ("the Company"), today discusses its recent reduction of its issued and outstanding common shares from 455,155,000 to 155,155,000.

Recently the Company completed a common stock for preferred stock exchange agreement ("Exchange Agreement") with the Company's majority shareholder to exchange 300,000,000 common shares for 3,000,000 Shares of Series C Convertible Preferred Shares.

The Company believes this agreement has tremendous benefit for the Company and its shareholders. This reduction of outstanding common shares strengthens the Company's cap structure which the Company feels will aid its efforts to, amongst other things, make acquisitions and attract investment.

Furthermore, the Company feels that because The Series C Convertible Preferred Shares are only convertible on a one for one basis the fully diluted impact on current shareholders is not significant.

The Company thanks its majority shareholder for entering into this transaction and will continue to seek ways to add shareholder value.

Further details of the Exchange Agreement are available in the Company's Form 8-K filed with the SEC on October 18, 2013 (

About Pan Global, Corp.

Pan Global, Corp., through its wholly owned subsidiary, Pan Asia Infratech, Corp., is focused on environmentally sustainable energy, infrastructure and technologies. Our aim is to invest in green energy technology and infrastructure to build an inclusive green economy around the world.

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Contact Information

  • Contact:

    Pan Global, Corp.
    Investor Relations
    Phone: 877-999-7978
    Email: Email Contact