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 megabidon Jun 28, 2015 5:46am

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Post# 23874910

RE:RE:anyone remember?

"In April and May 1996, Cartaway announced initial test results from its Voisey's Bay properties showed the likelihood of copper and nickel deposits. Share prices rose from $3.76 to $26. On May 17, 1996, Cartaway announced the assay results from the Voisey's Bay property did not support the earlier tests. Heavy trading in Cartaway shares ensued, crashing the ASE system. When trading in Cartaway resumed May 21, the stock opened at $2.78." I remember that very well. It was right after the Voisey's Bay discovery by Robert Friedland. $4 to $160 in six months for Diamondfields. We do not see moves like that anymore.

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