CALGARY, Feb. 14 /CNW/ - (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd.
wishes to announce that it increased the amount of private placement announced
on January 18, 2008. The Company intends to raise up to $1,740,000.00, with
$990,000 being raised through the sale of 3,960,000 flow through units ("ft
units") priced at $0.25 per ft unit, and $750,000 being raised through the
sale of 3,000,000 non-flow through units ("nft units") priced at $0.25 per nft
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
Proceeds from this financing will be used for drilling and completion of
10-15-82-03-W6M and 6-15-82-03-W6M. Pemberton anticipates completion of this
financing within 10 business days.
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
For further information:
For further information: please contact the Company at (604) 269-9801 or