Pan Global Corp. Developing 'Capitalization Benefit Plan'
CARSON CITY, NV--(Marketwired - Nov 15, 2013) - Pan Global, Corp. (OTCQB: PGLO) (the "Company") today announces that it has commenced planning for further restructuring and improvements of its share capital to provide additional capitalization benefits to its shareholders.
Specifically regarding one aspect of the plan, the Company is in discussions with its majority shareholder and the Company's current and potential investors for the development of a capital structure plan that the Company expects to provide long term benefits to the Company and its shareholders.
Several options currently being considered by the Company include dividends, warrant issuances, isolated private offerings to qualified investors and preferred stock exchanges, among others.
Recently, on October 22, 2013, the Company announced the reduction of its issued and outstanding common stock from 455,155,000 to 155,155,000 shares resulting from the Company's majority shareholder exchanging its 300,000,000 shares of the Company's common stock for 3,000,000 shares of the Company's Series C Convertible Preferred Stock. The Company believes this recapitalization has benefited its shareholders.
Management commented, "We are currently developing what we call a 'Capitalization Benefit Plan' intended to take advantage of our share capital and corporate tools to attract potential investors and provide long term benefits for our shareholders." Management continued, "The Company remains committed to growing its business and finding ways to create value for our shareholders. We look forward to finalizing this plan in the short term, announcing its details and commencing implementation."
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: www.panglobalcorp.com, the contents of which are not incorporated into this press release.
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