SOURCE: Pan Global, Corp.

May 15, 2014 08:00 ET

Pan Global, Corp. Shareholder Update: Anticipated Two Stage Completion of Small-Hydro Plant and Connection to Power Grid

CARSON CITY, NV--(Marketwired - May 15, 2014) - Pan Global, Corp. (OTCQB: PGLO) (the "Company") today updates its shareholders concerning the 5.7MW small-hydro plant the Company is in the process of acquiring in northern India ("Project Badyar") pursuant to its staggered acquisition of Regency Yamuna Energy Limited ("RYEL").

Final construction of Project Badyar, according to RYEL, is being divided into two final stages pre-commercial operation date ("Pre-COD") and post-commercial operation date ("Post-COD"). Pre-COD is anticipated to be completed as major civil works, including, but not limited to, construction of the Diversion Trench Weir structure, come to a close, barring any adverse weather conditions or other unforeseen circumstances.

As per RYEL, dividing the remaining construction into two stages allows for Project Badyar to adhere to a schedule of being connected to the power grid on an anticipated timeline of late spring/early summer.

Upon completion of Pre-COD construction, it is intended that the process will be immediately started to connect Project Badyar to the power grid to commence commercial operations of producing electricity and, subsequently, revenue.

Certain construction activities, including, but not limited to, coating and painting of Project Badyar's Conveyance Lines, constitute the Post-COD construction.

For a visual representation of the construction please review the following slide show containing photos Project Badyar:

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

As previously reported, the Company is in the process of acquiring 100% of Project Badyar through its staggered acquisition of RYEL. The Company currently holds a 9.46% equity interest in RYEL.

The Company's Management commented, "We are pleased with RYEL's planned division of construction activities, and look forward to the anticipated commercial operation of this project as the final two stages of construction near completion. We intend to continue to increase our equity interest in RYEL under our acquisition agreement with RYEL."

As previously disclosed, on October 28, 2013, the Company, through its wholly-owned subsidiary, Pan Asia Infratech Corp., entered into a Stock Purchase Agreement ("Acquisition Agreement") with Regency Yamuna Energy Limited, an India corporation commissioning Project Badyar ("RYEL"), and the RYEL stockholders, pursuant to which the Company has agreed to acquire, on a staggered basis, 100% of the outstanding shares and convertible debt (if not previously converted) of RYEL. Further details of the Acquisition 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 Acquisition 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

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.

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