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NEWS RELEASE Pemberton increases amount of the Private Placement to $420,000 May 11, 2007 Calgary, Alberta, (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. wishes to advise that it has increases its previously announced non-brokered private placement. Under the revised terms of the financing, the Company will issue up to 1,050,000 non -flow through units at $0.40. Each unit of the non flow through private placement shall consist of one share and one two year warrant to acquire one common share entitling the holder to purchase an additional share at $0.60 in the first year and at $0.70 if purchased in the second year. Pemberton Energy Ltd’s principal business is the acquisition, exploration and development of petroleum properties. The company continues to focus on its primary corporate objective: the creation of value for shareholders by identifying oil and gas accumulations with relatively low geological risk but with substantial reserve potential. For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca On Behalf of Pemberton Energy Ltd. “Miroslava Antonuk”
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS HEREIN |
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