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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.

To find out what OTCMAGIC projects Pan Global Corp, for both short term and long term please click here: PGLO

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