diff --git a/mustache.js b/mustache.js
index 722d069..c88082b 100644
--- a/mustache.js
+++ b/mustache.js
@@ -273,7 +273,7 @@ var Mustache = (function(undefined) {
 			return state.template;
 		}
 
-		state.template = state.template.replace(/{{%([\w-]+)(\s*)(.*?(?=}}))}}/, function(match, pragma, space, suffix) {
+		state.template = state.template.replace(/{{%([\w-]+)(\s*)(.*?(?=}}))}}/g, function(match, pragma, space, suffix) {
 			var options = undefined,
 				optionPairs, scratch,
 				i, n;
diff --git a/test/unit.js b/test/unit.js
index d1bd0c4..84b23b0 100644
--- a/test/unit.js
+++ b/test/unit.js
@@ -511,6 +511,21 @@ test("'%' (Pragmas)", function() {
 		),
 		"Object 1:Object 2:Object 3:",
 		'Change Delimiter and Pragma mixes'
+	);
+
+
+	raises(
+		function() {
+			Mustache.to_html(
+				'{{%IMPLICIT-ITERATOR iterator=rob}}{{%I-HAVE-THE-GREATEST-MUSTACHE}}',
+				{},
+				{}
+			);
+		},
+		function(e) {
+			return e.message === 'This implementation of mustache does not implement the "I-HAVE-THE-GREATEST-MUSTACHE" pragma.';
+		},
+		'Multiple Pragmas'
 	);	
 });