CALGARY, July 8 /PRNewswire-FirstCall/ - (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 approval.
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 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"
----------------------------
Miroslava Antonuk, Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
HEREIN
CONTACT: please contact the Company at (604) 269-9801 or
info@pembertonenergy.ca
SOURCE Pemberton Energy Ltd.
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