PAN GLOBAL RESOURCES INC. ("PGZ")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 29, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Share Purchase Agreement (the "Agreement") dated June 11, 2013, among Pan Global Resources Inc. (the "Company") and 298221 B.C. Ltd. (the "Vendor") and its sole shareholder Mr. Petr Palkovsky to purchase 100% of the Vendor's wholly-owned subsidiary Lithium Li Holdings Inc. ('Lithium Li'). Lithium Li holds 9 exploration licenses in Serbia and Bosnia which are subject to an Option Agreement with the Company.
In consideration of the agreement the Company will pay to the Vendor:
* $5,800,000 in cash over four years; and
* 7,000,000 common shares of the Company over four years
Cash payments and share issuances are linked to the Company's ability to raise financing for continued exploration and development.
Further information on the transaction is available in the Company's news releases dated January 15, 2013, April 25, 2013, August 13, 2013 and August 29, 2013.
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