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 cigar1on Nov 02, 2011 8:03pm

333 Views

Post# 19203934

Certainly we will get some results from

Deadwood prior to Dec 11, 2011 when Warrants for $7,325,400 are due to expire. Any decent results will have these Warrants exercised to fund 2012 drilling. I'm definitely holding onto my shares.

19,844,000 @ 0.35

1,520,000 @ 0.25

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