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Pan Global Resources Inc. 
Listed Company 

PAN GLOBAL RESOURCES INC. ("PGZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 16, 2017
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 14, 2016 and December 15, 2016:

Number of Shares: 21,230,000 shares

Purchase Price: $0.05 per share

Warrants: 21,230,000 share purchase warrants to purchase 21,230,000 shares

Warrant Exercise Price: $0.10 for a three year period, subject to an acceleration clause.

Number of Placees: 50 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Immaculate Confection Ltd. (Brian Kerzner) Y 1,000,000
Patrick Downey Y 1,000,000
Robert Baxter Y 1,000,000
Aggregate Pro Group Involvement P 5,474,500
[11 Placees]

Finder's Fee: Raymond James Ltd. $32,100 cash and 640,200 units payable.
Haywood Securities Inc. $18,000 cash and 360,000 units payable.
-each unit is the same as the offering.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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