Pan Global Corp. PGLO Archives

WednesdayDec 18, 2013 9:47 am

Pan Global Corp. (PGLO) Proceeding into Final Phase of Small-Hydro Plant in Northern India

Today before the opening bell, Pan Global reported the final phase of construction has begun on the 5.7MW small-hydro plant in Northern India that it has been intending to fully acquire. The plant’s construction is slated to be completed within the next 90 days. Currently, Pan Global is in the middle of efforts to acquire whole ownership of the plant via staggered acquisition efforts of Regency Yamuna Energy Limited, a privately held Indian company and the party that is commissioning the plant’s construction. Pan Global noted that it recently closed on the first part of its staggered acquisition efforts, and…

TuesdayDec 17, 2013 4:19 pm

Pan Global Corp. (PGLO) Grows Vision for Global Green Energy, Beginning with India

The development of renewable resources is more than a quest for energy for use here and now; it’s a focus on the future health of our planet and the sustainability of our environment. Pan Global’s mission is a combination of the two – the company is focused on developing and supporting innovative solutions for basic infrastructure of green energy projects around the world. While the company’s current focus is on mini-hydro projects in India, its vision is worldwide. Earlier this month, Pan Global completed the first tranche of the first closing of its ongoing staggered acquisition of Regency Yamuna Energy…

TuesdayDec 10, 2013 10:13 am

Pan Global Corp. (PGLO) Secures Stake in Small-Hydro Plant as Part of Plan to Acquire 100% Ownership

Pan Global today announced the consummation of the First Tranche of the First Closing of its previously announced staggered acquisition of 100% of Regency Yamuna Energy Limited ("RYEL"), a privately held Indian corporation which is commissioning a 5.7 MW small-hydro project in northern India (the "Project"). As a result of purchasing 331,034 RYEL Common Shares and converting RYEL's outstanding 15% Convertible Debenture , Pan Global’s wholly owned subsidiary purchased an aggregate of 620,690 Common Shares of RYEL, representing approximately 3.36% of the total number of outstanding Common Shares, for a total purchase price of approximately $145,874 USD. RYEL will be…

MondayDec 09, 2013 4:22 pm

Pan Global Corp. (PGLO) Green Energy Opportunity

Pan Global is an intriguing “green” company that is focused on developing a series of environmentally sustainable and high ROI projects in India. With a current population of over 1.25 billion people, India is projected to overtake China as the world’s most populous nation by 2030. Current demographics and growth projections spell out India’s compelling need for renewable energy sources and where Pan Global sees incredible opportunities. India currently faces up to 20% electrical power generation shortages in various regions. Pan Global’s initial focus is on the development of multiple small hydro power generation projects to help meet this demand.…

TuesdayDec 03, 2013 12:23 pm

Pan Global Corp. (PGLO) Begins to Tap Massive Hydropower Potential in India

Today’s growing investment in India has increasingly focused on the renewable energy sector. It’s an understandable trend, since energy is a foundation for any modern economy, and rapidly developing nations require rapidly developing sources of energy. But India, already a major user of coal and oil, has worked hard to move away from polluting fossil fuels, developing large scale wind and solar installations, and supporting a variety of green initiatives. The country is now planning to build what would be the world’s largest solar power plant, with an expected capacity of nearly 4,000 MW. Hydro power, still the world’s major…

FridayNov 22, 2013 11:37 am

Pan Global Corp. (PGLO) Advances Hydro Project Acquisition, Financial Due Diligence Meets Requirements

Green energy advocate Pan Global has received the final financial due diligence report produced by Ernst & Young, LLP India (E&Y India), enabling the company to move forward with the previously announced staggered acquisition of a 5.7 MW small-hydro project in northern India. Pan Global reports that the financial report meets the financial due diligence requirements of the acquisition agreement with Regency Yamuna Energy Ltd. (RYEL), a privately held Indian corporation. "We thank E&Y India for their professionalism and timely delivery of their financial due diligence report on the project. We retained E&Y India to perform this important task because…

MondayNov 18, 2013 10:44 am

Pan Global Corp. (PGLO) Accepts Final Engineering Due Diligence Report, Moves Forward with RYEL Acquisition

Pan Global Corp., a company focused on environmentally sustainable energy, infrastructure and technologies, reports that it has accepted the results of the final engineering due diligence report from Tractebel Engineering Pvt. Ltd., satisfying one of the pre-closing conditions for the consummation of the first tranche of the first closing of Pan Global’s acquisition of Regency Yamuna Energy Ltd. As previously announced, Pan Global, via wholly owned subsidiary Pan Asia Infratech Corp., intends to acquire Regency Yamuna in a staggered transaction of 100 percent of the outstanding shares and convertible debt of the privately held India corporation commissioning a 5.7 MW…

MondayNov 11, 2013 11:41 am

Updates on Pan Global Corp. (PGLO) Hydroelectric Plant Acquisition

Environmentally sustainable energy, infrastructure, and technologies-focused company Pan Global Corp. recently announced it is making significant strides toward its acquisition of a small hydroelectric power plant in India. Through Pan Asia Infratech Corp., its wholly owned subsidiary, the company entered into a non-binding letter of intent (LOI) on Sept. 10, 2013, pursuant to which Pan Global plans to acquire 100 percent of the outstanding equity of a privately held Indian corporation (the target) that is commissioning a 5.7 MW small-hydro project in northern India (the project). The project was estimated to be 95 percent complete at the time of execution…

TuesdayNov 05, 2013 9:54 am

Pan Global Corp. (PGLO) Enters Finance Agreement for First Closing of Small Hydro Plant Acquisition

Pan Global today announced its entrance into a loan agreement with its long-time lead financier, Anatom Associates S.A. The agreement is for up to USD$1.0 million in non-convertible 8% debt. PGLO will use part of this financing to fund the first set of closings on its planned acquisition of 100% of the outstanding shares and convertible debt of Regency Yamuna Energy Limited (RYEL). RYEL is a privately held Indian corporation that is building a 5.7 MW small-hydro project in India. The project is currently valued at around USD$11.0 million. PGLO will now be able to complete the initial financing of…

MondayNov 04, 2013 12:14 pm

Pan Global Corp. (PGLO) Remains on Schedule with Ongoing Acquisition of Regency Yamuna Energy Ltd.

Pan Global, a company focused on environmentally sustainable energy, infrastructure, and technologies, today confirmed that it is on-track with pre-closing requirements, including preliminary technical and financial due diligence reports, for the company's acquisition of a small hydroelectric power plant located in India. As previously disclosed, Pan Global, through its wholly owned subsidiary, Pan Asia Infratech Corp., entered into an agreement to acquire 100 percent of the outstanding shares and convertible of Regency Yamuna Energy Limited (RYEL), a privately held Indian corporation commissioning a 5.7 MW small-hydro project in northern India. The project’s valuation is approximately USD$11.0 million. Upon closing, this…

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