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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Comment by megabidon Oct 24, 2009 1:46pm

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Post# 16420559

RE: Chrome mountain

From pem website

""Geologists believe that Chrome Mountain may represent a “feeder zone”; potentially the source of mineralization. In South Africa, feeder zones have returned grades up to 2,500 g/t PGM.""

If we got the feeder zone. (and there is one) then pem is a $20 -$30 home run .

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