Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.

TSXV:PEM.P - Post by User

Penbar Capital Ltd

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Post by WhiteFoxon Mar 08, 2010 11:10pm

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Post# 16859001

What I was told ...

At PDAC was: 1. Internal resource estimate being calculated right now in Toronto with Snowden using Gemcom software; 2. Release of internal resource estimate will be sooner rather than later; 3. 43-101 will take time to complete with release later this calendar year; 4. Drills will likely be turning in April; 5. Friday-Petsite property is accessible; 6. New claims connect PEM properties; 7. Work will be done to iron out land ownership issues in the area in accordance with U.S. law (i.e. ensure PEM has claim to entire area by posting notices); 8. Chrome Mountain will be back on the radar soon; and 9. Involvement of Australian investors is a vote of confidence, and source of funds, for PEM.

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