CALGARY, April 10 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd
("Pemberton") is pleased to announce that it has successfully completed its 2D
program located NW of its completed 3D-2007 Gage program. This 2D project
consists of two lines; West to East line is 2.4 km and North to South line is
3.2 km long. All 2D records have been shipped to Calgary for processing and
Pemberton Energy Ltd. also wishes to advise that it has repriced its
previously announced non-brokered private placement. Under the revised terms
of the financing, the Company will issue up to 1,000,000 non-flow through
units at $0.40. Each unit of the non-flow through private placement shall
consist of one share and one two year warrant to acquire one common share
entitling the holder to purchase an additional share at $0.60 in the first
year and at $0.70 if purchased in the second year.
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.
Miroslava (Antonuk) Antoniouk, 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