SOURCE: Pan Global Corp.

July 30, 2014 08:00 ET

Pan Global, Corp. Increases Equity Stake in 5.7 MW Small-Hydro Plant in Northern India

CARSON CITY, NV--(Marketwired - Jul 30, 2014) - Pan Global, Corp. (OTCQB: PGLO) (the "Company") is pleased to announce that on July 24, 2014, the Company increased its equity stake in Regency Yamuna Energy Limited ("RYEL"), a privately-held India corporation commissioning a 5.7 MW small-hydro project in northern India ("Project Badyar"), pursuant to the Company's previously announced Stock Purchase Agreement, dated October 23, 2013, with RYEL and the RYEL Selling Stockholders (the "Stock Purchase Agreement").

To date, the Company has invested an aggregate of $463,992 in RYEL for an aggregate of 1,965,640 RYEL common shares, representing approximately 9.93% of the outstanding equity of RYEL. 

Photos of Project Badyar can be viewed at the following link:

http://www.slideshare.net/slideshow/embed_code/33051642

The proceeds of the July 24th closing will be applied to Step Two of the First Closing under the Stock Purchase Agreement. Under the Agreement, the Company, through its wholly-owned subsidiary, Pan Asia Infratech Corp., has agreed to acquire 100% of the outstanding equity and convertible debt (if not previously converted) of RYEL on a staggered basis, subject to the terms and conditions as stated in the agreement. Further details of the Stock Purchase Agreement are available in the Company's periodic and current reports filed with the SEC and available on the SEC's website, free of charge, at www.sec.gov. The Stock Purchase Agreement contains pre-closing conditions, customary representations and warranties, post-closing covenants and mutual indemnification obligations for, among other things, inaccuracy or breach of any representation or warranty and any breach or non-fulfillment of any covenant.

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.

For additional information, please visit the Company's website at www.panglobalcorp.com, the contents of which are not incorporated into this press release.

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The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to, or representing management's beliefs about, our future transactions, strategies, operations, events and financial results. Such forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should" and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those risks and uncertainties described in any of our other filings with the SEC. Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.panglobalcorp.com under "Investor Info". You are urged to carefully consider all such factors. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this news release, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this news release, such statements or disclosures will be deemed to modify or supersede such statements in this news release.

Disclaimer: This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

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