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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
Comment by Oilseekeron Oct 23, 2013 5:53pm
193 Views
Post# 21842889

RE:RE:hmmmmmmmm

RE:RE:hmmmmmmmmOctober 23, 2013, Vancouver, British Columbia – Premium Exploration Inc. (TSXV: PEM; OTC Pink Current: PMMEF) (“Premium” or the “Company”) is pleased to announce, further to a Price Reservation Form filed with the TSX Venture Exchange on October 8, 2013, that it has arranged a non-brokered private placement (the “Private Placement”) for up to 22,000,000 units (each a “Unit”) of the Company to raise gross proceeds of $1,100,000 at a price of $0.05 per Unit.
 
Each Unit is comprised of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire an additional Share of the Company at a price of $0.15 per Share for a period of 3 years from the date of issuance.
 
In connection with the Private Placement, the Company will issue cash finder’s fees of 9% and 9% finder’s warrants, at an exercise price of $.15 for a period of 3 years (the “Finder’s Warrants”), for units placed by qualified individuals.
 
The Units and Finder’s Warrants issued under the Private Placement will be subject to a four-month hold period from the date of issuance, and the Private Placement is subject to final acceptance from the TSX Venture Exchange.
 
The net proceeds of the Private Placement will be for the advancement of the Company’s Idaho Gold Project and for additional working capital.

Well it's something anyway

Year of the Profit, OIlseeker
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