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…