CALGARY, June 26 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd is
pleased to announce that it has engaged Paladin Capital Markets Inc as an
agent for a private placement of treasury units to fund its upcoming
exploration programs. The offering terms are under negotiation and will
include common and flow-through units at a price to be determined and will be
made by the agent on a best efforts basis. The agent has been granted a 15%
over-allotment option and will be paid a cash commission of 10% and broker
warrants, exercisable for two years, to acquire units equal to 10% of the
number of units and flow-through units sold. Subject to regulatory approval,
the transaction is scheduled to close on or about August 15, 2008.
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.
On Behalf of Pemberton Energy Ltd.
Ms. "Miroslava Antonuk"
Miroslava Antonuk, Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
For further information:
For further information: please contact the Company at (604) 269-9801 or