VANCOUVER, Dec. 19 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd.
wishes to advise that it has repriced its previously announced on November 22,
2007 private placement. Under the revised terms of the financing the Company
intends to raise up to $1,500,000.00, with $1,000,000 being raised through the
sale of 4,000,000 flow through units ("ft units") priced at $0.25 per ft unit,
and $500,000 being raised through the sale of 2,000,000 non-flow through units
("nft units") priced at $0.25 per nft unit.
Each ft unit shall consist of one flow through share and one flow through
warrant entitling the holder to purchase an additional share at $0.35 for a
period of one year. Each nft unit shall consist of one non flow through share
and one non flow through warrant entitling the holder to purchase an
additional share at $0.35 for a period of one year. Cash or stock commission
at the maximum allowable by TSX Venture Exchange amount may be payable to
agents. This private placement is subject to approval by the TSX Venture
Pemberton Energy Ltd. also wishes to announce that debt settlement for
shares which was accepted for filing by the TSX Venture Exchange on December
4th, 2007 has closed. Pemberton Energy has issued 945,532 shares and 904,082
warrants to settle outstanding debt of $283,630.79. Warrant Exercise price is
set at $0.30 if exercised in the first year and at $0.35 if exercised in the
In respect of any shares issued or issuable pursuant to the foregoing
securities, a hold period with an expiry date of April 6, 2008 applies.
Pemberton Energy Ltd's principal business is the acquisition, exploration
and development of petroleum properties. The company continues to focus on its
primary corporate objective: the creation of value for shareholders by
identifying oil and gas accumulations with relatively low geological risk but
with substantial reserve potential.
For additional information please contact the Company at 604-269-9801 or
On Behalf of Pemberton Energy Ltd.
Ms. "Miroslava Antonuk"
Miroslava Antonuk, Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED
OF THE CONTENTS HEREIN
For further information:
For further information: please contact the Company at (604) 269-9801 or