CALGARY, Sept. 7 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd.
wishes to announce that it is in the process of settling of up to $350,000 of
its outstanding debt for shares at $0.20 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 $0.22 in the first year and at $0.25
if purchased in the second year. This debt settlement is subject to TSX
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 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,