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 BigBallerson Oct 20, 2009 2:08pm

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Post# 16404652

Update

"Look for news regarding PP thisweek, the company is in the process of constructing the access roads and the drillpads for the Phase two drill program. Look for a News Release regarding theDrill Program Start Date in the near future upon the completion of abovementioned construction and the closing of the Private Placement."

Good to see news on it's way. Hopefully closed, so we can start drilling.

Thanks

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