Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by rockport1on Aug 06, 2020 4:45am
313 Views
Post# 31370959

What happened to the properties: summary help?

What happened to the properties: summary help?

I think I still own shares of PEM for what it's worth, and I'm trying to find out what happened to the properties. As someone here said earlier in the thread, it seems likes insiders have been moving them around between related companies, leaving PEM shareholders with nothing. 

Can anyone explain how the properties ended up where they are?

From what I can gather so far...

2020 - Endomines owns Friday, Buffalo Gulch, and Deadwood. Friday in Production.

2020 - Maverix Metals (TSE.MMX) owns a 3% NSR on Friday-Petsite.  Link from happyretirement: https://www.maverixmetals.com/assets/overview/

2019 - December.  Endomines acqures Friday surface rights from NexGen. Link from happyretirement: https://news.cision.com/endomines-ab/r/endomines-acquires-friday-mine-open-pit-mining-rights-from-nexgen,c2981065

2019 - March.  According to fundytiago's link, KOPR acquires Premium Exploration (USA) including Ore Grande Shear Zone property. What is this?  Is this "our" Premium Exploration (PEM), and what properties are these if Endomines already acquired Friday, BG, DW, via its purchase of TVL Gold? Note common directors of KOPR & PEM.   https://stockhouse.com/companies/bullboard?symbol=v.pem&postid=29852649

2018 - February. Endomines AB acquires Friday, Buffalo Gulch and Deadwood when buying out TVL Gold LLC for $31 million.  See here: https://endomines.com/wp-content/uploads/2018/06/Endomines-2018-Q1-1705.pdf  
https://www.miningbusiness.net/content/endomines-3125m-acquisition-tvl-gold-done

Pre 2018???   How did the properties go from Premium to TVL Gold LLC?  And who is TVL? Hellp!

I just happen to return to look at Premium because another company I just researched, Bunker Hill (BNKR) has John Ryan on the management team. A warning to me I guess.

<< Previous
Bullboard Posts
Next >>