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 JoeKoolon Dec 04, 2013 1:09pm

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Post# 21969632

RE:Premium Announces $500,000 Non-Brokered Private Placement

Well, it gives some funds to continue on, but not enough to do any meaningful infill drilling at Friday, which is what most here on this board seem to want the company to focus on, to increase ozs. at Friday and hopefully help the SP move up. At .085 a share, the SP may stall as many know a lot of those 5.8 million new shares, will be sold for a quick profit after the 4 month hold period.

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