CALGARY, June 28 /CNW/ - (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd.
wishes to announce that the private placement which was accepted for filing by
the Toronto Stock Exchange on June 14, 2007 has closed. Pemberton Energy has
issued 1,050,000 units at $0.40 per unit entitling the holder to purchase an
additional share for a period of two years at $0.60 in the first year and
$0.70 if purchased in the second year.
The company paid a $15,000 finder's fee on the placement. The finder's
fee is payable to Xian Min Peng. In respect of any shares issued or issuable
pursuant to the foregoing securities, a hold period with an expiry date of
October 15, 2007 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.
On Behalf of Pemberton Energy Ltd.
Ms. "Miroslava Antoniouk"
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