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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

Bullboard Posts
Post by wahjai604on Aug 28, 2010 12:57am
602 Views
Post# 17392284

PEM on Kereport - Aug. 28th.

PEM on Kereport - Aug. 28th.Source: https://www.kereport.com/WeekendSpecial/0828-2-1.mp3
Date: Aug. 28th
Interview Length: 10 Minutes

Al Korelin speaks to Del Steiner about Premium Exploration with guests Rick Ackerman, and Sean Brodrick.

Key take away points from the audio interview:

- Del talks about Phase 4 of the drilling with another 10,000 feet!! And then eventually Phase 5 drilling!!

- Will do a step out drilling both North and South on the Orogrande Shear Zone

- Del believes the financing that they have will help continue to fund the next 18 months of exploration

- PEM has approx $9 million in the bank, and will have the money to evaluate the data acquired and prepare for Phase 4 drilling.

- Next financing will be in Spring 2011 (May to June) from warrants which will expire and bring about $10 Million in financing.


I'm excited to see what Phase 4 and Phase 5 will bring about! Clearly we will just continue to expand on the NI 43-101 resource estimate!

Cheers!
WahJai604
Bullboard Posts