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 prospector7on Jun 09, 2009 8:21am

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Post# 16054222

RE MAJORS TAKE OVER

PEM is the perfect small junior mining claim story, PEM has staked land that has been drilled when the POG was low years ago. The 43-101 shows that there was gold in the core samples from the 192 holes drilled and 7 mil spent..
Management never went the dilution route because they knew they had something good. That something good is one of the few claims around today that a major can get involved in and have all the work done for them and a positive 43-101.
Coffin knows his stuff and from what I see he doesn't like to be a loser and picks the perfect formula for a winner which PEM is.
PEM is the perfect example of a Junior to invest in and it is in North America. GLA

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