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 20, 2014 11:50am

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Post# 22470381

RE:A well repected and knowledgeable poster on another site...

without a million or so in cash i dont see a drift/adit plus ventillation getting down to the gold ore zone plus all the underground equipment that would be required. we can rent super b trains to haul to the mill but a huge chunk of money has to be spent first.. maybe john will finance it himself. can we still finance under 5 cents/share cuz it looks very possible?

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