Pan Global Corp. (PGLO) Takes Larger Position in 5.7 MW Small-Hydro Plant in Northern India
Earlier today, Pan Global announced that it now holds a greater equity stake in Regency Yamuna Energy Limited ("RYEL"), a privately-held India corporation commissioning a 5.7 MW small-hydro project in northern India ("Project Badyar"), as part of the previously announced Stock Purchase Agreement, dated October 23, 2013, with RYEL and the RYEL Selling Stockholders. In the press release issued, the company reported a total investment of $463,992 in RYEL for an aggregate of 1,965,640 RYEL common shares, representing approximately 9.93% of the outstanding equity. The proceeds of this closing will be applied to Step Two of the First Closing under…