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 Jul 31, 2013 4:47pm

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Post# 21642332

PEM's cah on hand

Oiltar or anyone elese, does anyone know how much cash is in the till for PEM? I'd like to buy more shares, but they can"t raise anymore $ at current SP and need to have enough cash on hand to survive waiting for a higher SP to do a financing (I assume) or some kind of deal to raise $ when the jr. gold sector hopefully turns around. TIA.

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