Pan Global, Corporation (OTCQB: PGLO) Acquisition of 100% Equity of Regency Yamuna Energy Limited (RYEL)

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Las Vegas, NV -- (SBWIRE) -- 12/16/2013 -- Pan Global, Corporation (OTCQB: PGLO) along with its wholly owned subsidiary, Pan Asia Infratech, Corporation, primarily focuses on developing and promoting environmentally sustainable energy, technology and infrastructure, with an aim to develop a comprehensive green economy around the globe.

PGLO recently announced that their first tranche of first closing is now consummated for Small-Hydro Plant staggered acquirement. The acquirement relates to the acquisition of the 100% of the equity of the Regency Yamuna Energy Limited (RYEL), which is a private Indian Corporation hiring a 5.7 MW small hydro project in the northern region of India.

As a result of this acquisition, the Pan Asia Infratech Corp purchased 331,034 RYEL common shares and consequently converted RYEL’s 15% of the outstanding convertible debentures. The proceeds from this acquisition are intended to be used in the completion of the project.

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