CALGARY, July 8 /CNW/ - (TSX.V: PBT, FSE :P5W) Pemberton Energy Ltd.
wishes to announce that it has entered into a private placement for up to
$2,000,000. Private placement will consist of flow through ("ft") shares and
non flow through ("nft") units. Each ft share is priced at $0.25 per share.
Each nft unit is priced at $0.20 per share and consists of one non flow
through share and one non flow through warrant entitling the holder to
purchase an additional share at $0.30 for a period of one year from the date
of issuance. This private placement is subject to the TSX Venture Exchange
Pemberton Energy Ltd. has engaged Paladin Capital Markets Inc. as an
agent for this private placement of treasury units to finance its upcoming
exploration programs. The agent has been granted a 15-per-cent over allotment
option and will be paid a cash commission of 10 per cent and broker warrants,
exercisable for two years, to acquire units equal to 10 per cent of the number
of units and flow-through shares sold, subject to the TSX Venture Exchange
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