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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

Penbar Capital Ltd
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Comment by naggedon Apr 30, 2012 8:30pm
153 Views
Post# 19854295

RE: RE: RE: RE: RE: Takeover

RE: RE: RE: RE: RE: Takeover

 flex you keep losing me on how btp or its shareholders have any claim on chrome. they had an agreement to earn in to chrome at 1 million per year for three years and the 3rd year started in feb 2009. if im remembering correctly kria didnt spend a dime on chrome, hence no novation into the property. 1 dollar short of the 3 mil is a deal breaker in legalese and on the other hand pem could have waived the terms and let them have it.  whether under beartooth,kria,nevoro or sru there is no reference to this property except under pem who are on record as saying they own it 100% as a default on btp's part and for what its worth i doubt in the supposeded coming jv that we will get any more than a half mil cash for this property, unless there are shares involved. for once i would like to see the evidence as to why btp or anyone else has any claim to this property.

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