CALGARY, Oct. 15 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd.
wishes to announce that it has re-priced previously announced on September 7,
2007 debt settlement for shares of up to $350,000 of its outstanding debt to
$0.30 per unit. Each unit shall consist of one share and one two year warrant
to acquire one common share entitling the holder to purchase an additional
share at $0.30 in the first year and at $0.35 if purchased in the second year.
This debt settlement is subject to TSX approval.
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 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