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 JoeKoolon Apr 01, 2013 10:48am

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Post# 21191886

OSK

I would have felt a lot better if it was OSK that PEM was doing the JV with. Makes me beg the question, why didn't OSK get involved as they already had a foot in the door? I agree that a JV with another junior is worst case scenario, as Logan has to do a financing just to do the deal. What a joke.

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